In a recent year, Sheridan Corporation reported net income of $208000, interest expense of $54000, and...

 

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In a recent year, Sheridan Corporation reported net income of $208000, interest expense of $54000, and income tax expense of $89000. What was Sheridan's times interest earned for the year? In a recent year, Sheridan Corporation reported net income of $208000, interest expense of $54000, and income tax expense of $89000. What was Sheridan's times interest earned for the year?

Answer rating: 100% (QA)

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