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Business, 25.06.2021 01:00 miklin4677

Auto Industries Company reported the following on its income statement: Income before income taxes $420,000
Income tax expense (120,000)
Net income $300,000
If the income statement also shows interest expense equal to $80,000, what is the company's times interest earned ratio?
a. 5 times.
b. 6.25 times.
c. 5.25 times.
d. 8 times.

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Auto Industries Company reported the following on its income statement: Income before income taxes...

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