Please answer with steps number 7.
Homework Answers
Answer of Question 4:
EBIT = Net Income + Interest Expense + Taxes
EBIT = $4,156 + $682 + $1,958
EBIT = $6,796
Tines Interest Earned = EBIT / Interest Expense
Times Interest Earned = $6,796 / $682
Times Interest Earned = 9.96 times
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Please answer with steps number 7.
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