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Which of the following is / are true. Statement 1 : Times interest earned ratio is also known as market ratio, the lower the better.

Which of the following is/are true.
Statement 1: Times interest earned ratio is also known as market ratio, the lower the better.
Statement 2: A very high times interest earned ratio may indicate under-utilization of debt.
only statement 1 is correct
both statements are correct
both statements are incorrect
only statement 2 is correct
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