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Problem:

Sawaya Company had depreciation and amortization expenses of $522,311, interest expenses of $114,077, and an EBITDA of $1,521,087 for the year ended June 30, 2010.

Required:

Question 1: What is the Times Interest Earned for this company?

Note: Be sure to show how you arrived at your answer.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91163936

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