The following data come from the financial records of Adams Corporation for Year 3. Sales $845,000 Interest
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Question:
The following data come from the financial records of Adams Corporation for Year 3.
| Sales | $845,000 |
|---|---|
| Interest expense | 5,200 |
| Income tax expense | 27,500 |
| Net income | 24,000 |
Required How many times was interest earned in Year 3?
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