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The following information is provided from the income statement of Zedai Company: ...

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Accounting

The following information is provided from the income statement of Zedai Company:

Operating income $378,000
Interest expense $27,000
Income before taxes $351,000
Income taxes $140,400
Net income $210,600

Calculate the times-interest-earned ratio.

a.14 times

b.13 times

c.8 times

d.12 times

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