Although the times interest earned ratio of many corporations went down tremendously during the 2007-2008 financial crisis, the ratio has been increasing steadily mainly because companies took advantage of the recent low interest rates.

Question

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The statement is true as it mentions that the times interest earned ratio has been increasing steadily, mainly due to companies taking advantage of low interest rates, after a significant decrease during the 2007-2008 financial crisis.

Although the Times Interest Earned Ratio of Many Corporations Went