Question: The following data were taken from the financial records of Glum Corporation for 2014: Sales .......... $3,600,000 Bond interest expense ..... 120,000 Income taxes ........

The following data were taken from the financial records of Glum for 2014:
Sales .......... $3,600,000
Bond interest expense ..... 120,000
Income taxes ........ 600,000
Net income .......... 800,000

Required:
How many times was bond interest earned in 2014?

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