What is babcock times interest earned

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Reference no: EM13294450

What is Babcock's times interest earned, if its total interest charges are $20,000, sales are $220,000, and its net profit margin is 6 percent? Assume a tax rate of 40 percent.

a. 2.65
b. 1.1
c. 2.1
d. 1.2

Reference no: EM13294450

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