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1. Thomson Trucking has $12 billion in assets, and its tax rate is 30%. Its basic earning power (BEP) ratio is 20%, and its return

1. Thomson Trucking has $12 billion in assets, and its tax rate is 30%. Its basic earning power (BEP) ratio is 20%, and its return on assets (ROA) is 3%. What is its times-interest-earned (TIE) ratio? Round your answer to two decimal places.

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