If a company had net Income of $1,676,875, a times Interest earned ratio of 5, a tax

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If a company had net Income of $1,676,875, a times Interest earned ratio of 5, a tax rate of 35%, and operating Income of $3,430,000, what Is the company's interest expense for the year?
$1,029,000
$652,464
$335,375
$686,000
$1,754,000

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Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1133161646

7th Edition

Authors: Gary A. Porter, Curtis L. Norton

Question Posted: Mar 31, 2017 02:13 PM

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If a company had net Income of $1,676,875, a times Interest earned ratio of 5, a tax

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Using Financial Accounting Information The Alternative to Debits and Credits

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