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True or False? The timesinterestearned ratio is calculated by dividing operating income by operating expenses. Maturities of longterm debt due within one year of the

True or False?

The timesinterestearned ratio is calculated by dividing operating income by operating expenses.

Maturities of longterm debt due within one year of the balance sheet date are reported separately from longterm debt.

Debt covenants are designed to prevent borrowers from taking actions that result in increased risk of default on the loan by the borrower.

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