Assume a companys times interest earned ratio is 3.00. In addition, the companys common-size income...
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Accounting
Assume a companys times interest earned ratio is 3.00. In addition, the companys common-size income statement reports net operating income as a percent of sales equal to 9%. If the companys sales are $750,000, then its interest expense must be: Multiple Choice $47,500. $37,500. $22,500. $17,500.
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