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Question
Manufacturer's Inc. estimates that its interest charges for this year will be $700 and that its net income will be $3,000. Assuming its average tax rate is 30%, what is the company's estimated times interest earned ratio?
a. 2.40
b. 4.25
c. 5.33
d. 7.12
e. 7.75
Answer
This answer is hidden. It contains 82 characters.
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