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For the most recent year, Wilson Enterprises had sales of $689,000, cost of goods sold of $492,300, depreciation expense of $61,200, additions to retained earnings of $48,560, and dividends per share of $2.18.There are 12,000 shares of common stock outstanding and the tax rate is 35 percent.What is the times interest earned ratio?
Significant
Denoting a result in statistical analysis that is likely not due to chance, thereby indicating a meaningful difference or correlation.
Z-statistic
A statistic used in hypothesis testing, calculated as the difference between a sample statistic and its hypothesized population parameter, divided by the standard error.
Critical Value
A limit in hypothesis testing that establishes the criteria for dismissing the null hypothesis.
Calculated Value
A numerical value obtained through mathematical computations, often used in statistical tests to determine significance.
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