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The following information is from the financial statements of Shakespeare Inc.:Net income$450,000250,000Income tax expense150,000Interest expense1,875,000Long-term...

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Accounting

The following information is from the financial statements of Shakespeare Inc.:Net income$450,000250,000Income tax expense150,000Interest expense1,875,000Long-term debtThe interest-coverage ratio for Shakespeare would be closest toSelect one: A.4.7 times. .5.7 times. C.3 times. D.8 times.

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