Cutsinger Corporation has provided the following data from its most recent income statement: $\begin{array}{lr}
\text {Net operating income }&\$ 55,000 \
\text {Interest expense }&\$ 43,000 \
\text {Net income before taxes. }&\$ 12,000 \
\text {Income taxes. }&\$ 4,000 \
\text {Net income. }&\$ 8,000
\end{array}$ The times interest earned ratio is closest to:
A)1.83
B)0.28
C)1.28
D)0.19

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The Answer of Cutsinger Corporation has provided the following data from its most recent income statement: $\begin{array}{lr}
\text {Net operating income }&\$ 55,000 \
\text {Interest expense }&\$ 43,000 \
\text {Net income before taxes. }&\$ 12,000 \
\text {Income taxes. }&\$ 4,000 \
\text {Net income. }&\$ 8,000
\end{array}$ The times interest earned ratio is closest to:
A)1.83
B)0.28
C)1.28
D)0.19

Cutsinger Corporation Has Provided the Following Data from Its Most