Arnold Electronics reported the following amounts on its 2016 income statement: Year Ended December 31, 2016 Net

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Arnold Electronics reported the following amounts on its 2016 income statement:
Year Ended December 31, 2016
Net income.......$ 49,000
Income tax expense.... 7,350
Interest expense.... 5,000
What is Arnolds times-interest-earned ratio for 2016?

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Horngrens Financial and Managerial Accounting

ISBN: 978-0133866292

5th edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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Question Posted: Jun 15, 2015 06:24 AM

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Arnold Electronics reported the following amounts on its 2016 income statement: Year Ended December 31, 2016 Net

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Horngrens Financial and Managerial Accounting

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