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Question
SNL has sales of $2,250,000; a gross profit of $825,000; total operating costs of $620,000; income taxes of $74,800; total assets of $995,000; and interest expense of $18,000. What is SNL's times-interest-earned ratio?A) 1.3
B) 11.4
C) 8.1
D) 45.8
Answer
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