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Auto Industries Company Reported the Following on Its Income Statement

Question 135

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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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