Donaldson Company reported net income of $74,900 for 2014. The income statement also indicates that...
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Accounting
Donaldson Company reported net income of $74,900 for 2014. The income statement also indicates that interest expense for 2014 was $11,000. Assuming an income tax rate of 30%, how much is the times interest earned for 2014?
a. 10.7 times
b. 6.8 times
c. 5.5 times
d. 9.9 times
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