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Frank's Boat Shop, Inc. reports operating income of $90,000 and interest expense of $15,000. The...

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Accounting

Frank's Boat Shop, Inc. reports operating income of $90,000 and interest expense of $15,000. The average number of shares of common stock outstanding during the year was 30,000 shares. What is the times-interest-earned ratio? (Round your final answer to two decimal places.)

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