Question: Problem: Module 4 Textbook Problem 7 Learning Objective: 4-3 Calculate ratios for assessing a company's solvency The following data come from the financial records of

Problem: Module 4 Textbook Problem 7 Learning Objective: 4-3 Calculate ratios

Problem: Module 4 Textbook Problem 7 Learning Objective: 4-3 Calculate ratios for assessing a company's solvency The following data come from the financial records of Stuart Corporation for Year 3: $845,000 5,000 Sales Interest expense Income tax expense Net Income 29,000 30,000 Required How many times was interest earned in Year 3? (Round your answer to 2 decimal places.) Interest earned times

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