Business, 30.05.2020 23:02 LikeIke7105

Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in 15 years) $1,360,531 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 $446,559 Income tax for year $133,968 Common dividends paid $60,000 Preferred dividends paid $16,000 Based on the data presented above, what is the times interest earned ratio (round to two decimal places)

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Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in 15 years)...

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