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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Related Book For
Foundations Of Financial Management
ISBN: 9780073382388
13th Edition
Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen
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