Times Interest Earned. In the past year, TVG had revenues of $3 million, cost of goods sold

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Times Interest Earned. In the past year, TVG had revenues of $3 million, cost of goods sold of $2.5 million, and depreciation expense of $200,000. The firm has a single issue of debt outstanding with face value of $1 million, market value of $.92 million, and a coupon rate of 8 percent. What is the firm’s times interest earned ratio?

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