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For the FY 2018, Frederick Company had net sales of $900,000 and net income of...

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Accounting

For the FY 2018, Frederick Company had net sales of $900,000 and net income of $50,000, paid income taxes of $20,000, and had before tax interest expense of $10,000. Use this information to determine the Times Interest Earned Ratio. (Round your answers to one decimal place

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