The data below are for Minersville Company. Total Assets $10,000 Income Tax Expense 1,000 Accounts Receivable 2,500 Total Equity 6,500 Interest Expense 400 Sales15,000 15,000 Cost of Goods Sold 9,000 Accounts Payable 1,200 Net Income 1,500 Minersville needs a financial ratio that indicates whether its borrowing costs are appropriate given its level of income. What is Minersville Company's TIMES INTEREST EARNED RATIO? 

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Answer calculate the Times Interest Earned Ratio for Minersville Company Times Int... View the full answer