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Home Q & A Board Other Fields Homework Help Business Accounting
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devildoc devildoc
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10 months ago

Cutsinger Corporation has provided the following data from its most recent income statement:

Net operating income$ 55,000
Interest expense$ 43,000
Net income before taxes$ 12,000
Income taxes$ 4,000
Net income$ 8,000

The times interest earned ratio is closest to:



▸ 1.83

▸ 0.28

▸ 1.28

▸ 0.19
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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elixy19elixy19
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10 months ago
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devildoc Author
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10 months ago
Helped a lot
kiara23247843
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Yesterday
Good timing, thanks!
Evolution
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2 hours ago
Brilliant ツ
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