$3.00 The following amounts were taken from the financial statements of Alien Company:
Found in Business: AccountingChapter 1, # 9
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The following amounts were taken from the financial statements of Alien Company:
2007 2006
Current liabilities $280,000 $220,000
Long-term liabilities 800,000 600,000
Interest Expense 100,000 50,000
Income tax expense 120,000 58,000
Net income 300,000 170,000
Net cash provided by operating activity 480,000 270,000
9. The times interest earned ratio for 2007 is?
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- Posted on Feb 24, 2012 at 11:27:19PM