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Question regarding the shares of common stock outstanding

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Reference no: EM131091066

For the most recent year, S Co. had sales of $460,000, cost of goods sold of $200,000, depreciation expense of $60,000 and additions to retained earnings of $72,000. The firm currently has $20,000 shares of common stock outstanding, and the previous year's dividends per share were $1.35. Assuming a 34% income tax rate, what was the times interest earned?

Reference no: EM131091066

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