During the previous year a firm had sales of 230000 cost of, Ask an Expert

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During the previous year, a firm had sales of $230,000, cost of goods sold of $75,000, depreciation expense of $27,000, and additions to retained earnings of $33,360. The firm currently has 20,000 shares of common stock outstanding, and the previous year's dividends per share were $1.50. Assuming a 34% income tax rate, what was the times interest earned ratio?

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Financial Management, Finance

Category:- Financial Management
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