The following data were abstracted from the records of Ballistic Corporation for the year:   Sales ................................................. $900,000 Bond interest expense ................................. 50,000 Income taxes .......................................... 200,000 Net income ............................................ 300,000   How many times was bond interest earned? a. 18.0 b. 15.0 c. 11.0 d. 10.0 could you please show me how to calculate

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The following data were abstracted from the records of Ballistic Corporation for the year:

 

Sales .................................................

$900,000

Bond interest expense .................................

50,000

Income taxes ..........................................

200,000

Net income ............................................

300,000

 

How many times was bond interest earned?

a.

18.0

b.

15.0

c.

11.0

d.

10.0

could you please show me how to calculate

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