In the current year, Salmon Company reported sales of $1,420,000, interest expense of $12,000, income tax expense

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In the current year, Salmon Company reported sales of $1,420,000, interest expense of $12,000, income tax expense of $13,000, and net income of $52,000. What is Salmon’s times interest earned ratio?

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Financial Accounting

ISBN: 9781264229734

11th Edition

Authors: Robert Libby, Patricia Libby, Frank Hodge

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Question Posted: Oct 14, 2022 01:36 AM

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In the current year, Salmon Company reported sales of $1,420,000, interest expense of $12,000, income tax expense

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Financial Accounting

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