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12. Problem 4.12 (Ratio Calculations) eBookProblem Walk-Through Thomson Trucking has $18 billion in assets, and its tax rate is 25%. Its basic earning power (BEP)

12. Problem 4.12 (Ratio Calculations)

eBookProblem Walk-Through

Thomson Trucking has $18 billion in assets, and its tax rate is 25%. Its basic earning power (BEP) ratio is 15%, and its return on assets (ROA) is 7.25%. What is its times-interest-earned (TIE) ratio? Round your answer to two decimal places.

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