Question: Problem 3 - 2 3 ( Algo ) Debt utilization ratios [ LO 3 - 2 ] The Lancaster Corporation's income statement is given below.

Problem 3-23(Algo) Debt utilization ratios [LO3-2]
The Lancaster Corporation's income statement is given below.
a. What is the times-interest-earned ratio?
Note: Round your answer to 2 decimal places.
Times interest earned
times
b. What would be the fixed-charge-coverage ratio?
Note: Round your answer to 2 decimal places.
Fixed charge coverage
times
Problem 3-23(Algo) Debt utilization ratios [LO3-2] The Lancaster Corporation's income statement

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