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« Expre x x Mark X Amex Thai SM X /ms/quizzing/user/attempt/quiz start frame_auto_d272012986&isprv&dec 08-28777008cfq=&db=0 c
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Answer #1

Option (d) is correct

Formula for times interest earned ratio is:

Times interest earned ratio = Income before interest and income taxes / Interest expense

Given: Income before interest & income taxes = $17000, Interest expense = $5000

Times interest earned ratio = $17000 / $5000 = 3.4

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