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For the FY 2018, Frederick Company had net sales of $1,150,000

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For the FY 2018, Frederick Company had net sales of $1,150,000 and

net income of $95,000, paid income taxes of $22,500, and had before tax interest expense of $17,500. Use this information to determine the Times Interest Earned Ratio. (Round your answers to one decimal place)

 
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