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Given the following data, determine the times interest earned ratio.
Net income, $70,000
Bonds payable, issued at face value, 8%, $5,000,000
Tax rate is 30%
Interest payable, $6,000
Interest receivable, $1,700
Nominal Group Method
A structured form of group decision-making where individual members anonymously write down their ideas, which are then discussed and ranked to make a decision.
Hitchhike
The act of traveling by getting free rides in passing vehicles, often seen as an adventurous and economical way of traveling.
Phrases
A collection of words that express a concept or part of a sentence.
Independent Spirit
The quality of thinking and acting autonomously, emphasizing self-reliance and distinctiveness from others.
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