Colby Company's Income Statement reported interest expense of $27,000, income tax expense of $65,000, and...

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Accounting

Colby Company's Income Statement reported interest expense of $27,000, income tax expense of $65,000, and net income of $400,000. What is the times -interest - earned ratio? Round the final answer to two decimal places.
A.17.22 times
B.16.22 times
C.15.81 times
D.18.22 times
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