Question: Compute the times interest earned for Zelma Company, which reports income before interest expense and income taxes of $1,044,000, and interest expense of $145,000. Interpret

Compute the times interest earned for Zelma Company, which reports income before interest expense and income taxes of $1,044,000, and interest expense of $145,000. Interpret its times interest earned (assume that its competitors average a times interest earned of 4.0).

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