Land O Lakes, Inc., reported (in millions) Income from Operations of $206, Net Income of $160, Interest

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Land O’ Lakes, Inc., reported (in millions) Income from Operations of $206, Net Income of $160, Interest Expense of $63, and Income Tax Expense of $15. What was this dairy company’s times interest earned ratio (rounded) for the year?

a. 1.49
b. 2.53
c. 3.27
d. 3.78

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Fundamentals Of Financial Accounting

ISBN: 9781265440169

7th Edition

Authors: Fred Phillips, Shana Clor Proell, Robert Libby, Patricia Libby

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Question Posted: Nov 03, 2021 01:36 AM

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Land O Lakes, Inc., reported (in millions) Income from Operations of $206, Net Income of $160, Interest

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Fundamentals Of Financial Accounting

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