QUESTION 10 Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in two years) Preferred 5% stock, $100 par (no change during year) Common stock, $50 par (no change during year) Income before income tax for year Income tax for year Common dividends paid Preferred dividends paid $1,000,000 300,000 2,000,000 550,000 80,000 50,000 15,000 the data presented above, what is the number of times bond interest charges were eaned (round to one decimal point)? a. 1.5 b. 5.5 c. 6.4 Od.6.5 QUESTION 11 The report on internal control required by the Sarbanes-Oxley A ct of 2002 may be prepared by either management or the company's audito True False QUESTION 12 The relationship of $325,000 to $125,000, expressed as a ratio, is a. 2.0 b. 2.5 C. 0.45 d.2.6