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Auto Industries Company Reported the Following on Its Income Statement

Question 163

Multiple Choice

Auto Industries Company reported the following on its income statement: Auto Industries Company reported the following on its income statement: 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) 8 times C) 5.25 times D) 6.25 times 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) 8 times
C) 5.25 times
D) 6.25 times

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