Business, 19.12.2019 03:31 murokh

Balance sheet and income statement data indicate the following: bonds payable, 6% (due in 15 years) $1,200,000; preferred 8% stock, $100 par (no change during the year) $200,000; common stock $50 par (no change during the year) $1,000,000; income before income tax for year $320,000; income tax for year $80,000; common dividends paid $60,000; preferred dividends paid $16,000. based on the data presented above, what is the number of times bond interest charges were earned (round to two decimal places)? show and explain steps.

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Balance sheet and income statement data indicate the following: bonds payable, 6% (due in 15 years)...

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