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Debt Management Ratios Calculate the times interest earned ratio for Linda's Hats, Inc. using the following information: sales = $50,000,000, cost of goods sold = $15,000,000, depreciation expense = $2,000,000, addition to retained earnings = $10,000,000, dividends per share = $1.10, tax rate = 30 percent and number of shares of common stock outstanding = 10,000,000. Linda's Hats has no preferred stock outstanding. Please explain in detail.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91147295

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