Abernathy Electronics, Inc. reported the following amounts on its 2024 income statement: What is Abernathys times-interest-earned ratio
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Abernathy Electronics, Inc. reported the following amounts on its 2024 income statement:
What is Abernathy’s times-interest-earned ratio for 2024?
Transcribed Image Text:
Year Ended December 31, 2024 Net income $ 45,000 6,750 Income tax expense Interest expense 3,750
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Related Book For
Horngrens Accounting The Financial Chapters
ISBN: 9780136162186
13th Edition
Authors: Tracie Miller Nobles, Brenda Mattison
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