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In 2011, Utility Queen recorded an EBIT (Earning before Income Tax) of $505,000; accounts receivables balance of $500,000; $25,000 in interest expenses; and $315,000 in long-term debt. What was the company's interest coverage ratio for 2011?

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In 2011, Utility Queen recorded an EBIT (Earning before Income Tax) of $505,000; accounts receivables balance of $500,000; $25,000 in interest expenses; and $315,000 in long-term debt. What was the company's interest coverage ratio for 2011?






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