A firm has net income before interest and taxes of $193,000 and interest expense of $28,100. a.
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A firm has net income before interest and taxes of $193,000 and interest expense of $28,100.
a. What is the times-interest-earned ratio?
b. If the firm’s lease payments are $48,500, what is the fixed charge coverage?
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Related Book For 
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
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