Given the following data, determine the times interest earned ratio.?
Net income, $70,000
Bonds payable, issued at face value, 8%, $5,000,000
Preferred stock, $50 par value, 6%, 10,000 shares issued and outstandingTax rate is 30%

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The Answer of Given the following data, determine the times interest earned ratio.?
Net income, $70,000
Bonds payable, issued at face value, 8%, $5,000,000
Preferred stock, $50 par value, 6%, 10,000 shares issued and outstandingTax rate is 30%

Given the Following Data, Determine the Times Interest Earned Ratio