23. A firm has net income before interest and taxes of $120,000 and interest expense of $24,000....

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23. A firm has net income before interest and taxes of $120,000 and interest expense of $24,000.

a. What is the times-interest-earned ratio?

b. If the firm’s lease payments are $40,000, what is the fixed charge coverage?

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Foundations Of Financial Management

ISBN: 9780073382388

13th Edition

Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen

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Question Posted: Oct 21, 2024 10:00 AM

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23. A firm has net income before interest and taxes of $120,000 and interest expense of $24,000....

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Foundations Of Financial Management

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