Patricia McDonald has determined that the value of her liquid assets is $4,600, the value of her real estate is $134,000, the value of her personal possessions is $58,000, and the value of her investment assets is $74,000.
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In a recent year, sherwood day corporation had sales of $500,000, net income of $200,000, interest expense of $40,000, and tax expense of $30,000. what was day corporation's times interest earned for the year?
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