Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in 2...
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Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in 2 years) $850,000 Preferred 5% stock, $100 par (no change during year) 252,000 Common stock, $50 par (no change during year) 2,249,000 Income before income tax for year 340,000 Income tax for year 85,000 Common dividends paid 112,450 Preferred dividends paid 12,600 Based on the data presented, what is the times interest earned ratio? (Round to one decimal place Oa. 5.0 times Ob.3.0 times Oc. 4.0 times Od. 7.0 times Email Instructor Save and Ex Notes Comments 61 dtv 4 MacBook Air
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