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A firm has net income of $11,000, interest of $480, cost of goods sold of $31,500, and depreciation of $900.

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Question: What is the times interest earned ratio if the tax rate is 35%

  • 21.8
  • 27.3
  • 42.4
  • 36.3

Note: Please show how you came up with the solution.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91148960

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