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QUESTION
In a recent year Pina Colada Corp. had net income of $151000, interest expense of $28500, and income tax expense of $41300. What was Pina Colada
In a recent year Pina Colada Corp. had net income of $151000, interest expense of $28500, and income tax expense of $41300. What was Pina Colada Corp.’s times interest earned (rounded) for the year?
5.30
6.75
7.75
6.30
