The Following Information Is from the Financial Records of Newton

The following information is from the financial records of Newton Company for 2014: $\begin{array}{|l|lc|}\hline \text { Sales } & \$ 620,000 \\\hline \text { Interest expense } & 26,000 \\\hline \text { Income tax expense } & 46,000 \\\hline \text { Net income } & 104,000 \\\hline\end{array}$
Required:
Calculate the number of times interest is earned for Newton in 2014. Round your answer to one decimal place.

Correct Answer:

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Number of times interest is earned = Ear...

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