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Times-Interest-Earned RatioThe Morrit Corporation has $450,000 of debt outstanding, and itpays an interest rate of 8% annually. Morrit's annual sales are $3million, its average tax

Times-Interest-Earned RatioThe Morrit Corporation has $450,000 of debt outstanding, and itpays an interest rate of 8% annually. Morrit's annual sales are $3million, its average tax rate is 25%, and 2 answers

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