The following selected data were taken from Magallado Company's income statement for the calendar year 200B:...

 

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The following selected data were taken from Magallado Company's income statement for the calendar year 200B: Net sales Gross income Interest expense Income tax P334,000 103,600 Net income Gain on sale of a business segment, net of tax The number of times interest was earned in 200B was? 4,000 9,600 30,000 16,800 The following selected data were taken from Magallado Company's income statement for the calendar year 200B: Net sales Gross income Interest expense Income tax P334,000 103,600 Net income Gain on sale of a business segment, net of tax The number of times interest was earned in 200B was? 4,000 9,600 30,000 16,800

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To calculate the number of times interest was earned in 200B we need to determine ... View the full answer