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Determine the times interest earned ratio

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Question - Harris Industries reported the following on the company's income statement in 20Y7 and 20Y6:

                                                            20Y7                   20Y6

Interest expense                                  $200,000              $180,000

Income before income tax expense        1,000,000            720,000

a. Determine the times interest earned ratio for 20Y7 and 20Y6?

b. Is times earned ratio improving or declining?

Reference no: EM131640755

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