The following data come from the financial records of Linton Corporation for 2008. Sales ....... $135,000 Interest
Question:
The following data come from the financial records of Linton Corporation for 2008.
Sales ....... $135,000
Interest expense .... 3,800
Income tax expense ... 22,500
Net income ....... 30,700
Required
How many times was interest earned in 2008?
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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