Laura Bella Company reports the following statement of income Operating Revenues 54,800 Costs and Expenses...
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Laura Bella Company reports the following statement of income Operating Revenues 54,800 Costs and Expenses Cost of Sales (2,000) Selling, Service Administrative and General Expense (1500 Income Before Interest Expense and income Taxes Interest Expense $1.300 Income Before Income Taxes (180) S1.120 Income Taxes (350 Net Income $1770 Note Depreciation expense totals $300 preferred a vidends total $60 operating lease payments total $180. Assume that 1/3 of operating lease payments is for interest Required. Compute the times interest eamed
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