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Auto Industries Company Reported the Following on Its Income Statement

question 163

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Auto Industries Company reported the following on its income statement: Auto Industries Company reported the following on its income statement:   If the income statement also shows interest expense equal to $80,000, what is the company's times interest earned Ratio? A)  5 times B)  8 times C)  5.25 times D)  6.25 times If the income statement also shows interest expense equal to $80,000, what is the company's times interest earned
Ratio?


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