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ron landscaping's income statement reports net income of $74,900, which includes deductions for interest expense of $11,300 and income taxes of $34,500. its times interest earned is:
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ron landscaping's income statement reports net income of $74,900, which includes deductions for interest expense of $11,300 and income taxes of $34,500. its times interest earned is:

User Niels De Bruin
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1 Answer

5 votes

Answer: 10.7 times

Step-by-step explanation:

Times interest earned = Earnings before interest and taxes / Interest expense=

(74900+11300+34500)/11300=

= 10.7 times

User Pamphlet
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