A company reports the following:Income before income tax                     $8,000,000Interest expense                                       500,000Determine the times interest earned ratio. Round to one decimal place.

Managerial Accounting
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ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 7BE
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A company reports the following:
Income before income tax                     $8,000,000
Interest expense                                       500,000
Determine the times interest earned ratio. Round to one decimal place.

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