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417. (Analyzing capital structure) Sunflower Ltd. has a corporation tax rate of 20 percent. They have announced total sales at $420 million and a net
417. (Analyzing capital structure) Sunflower Ltd. has a corporation tax rate of 20 percent. They have announced total sales at $420 million and a net margin of 5 percent. If they have $100 million of debt outstanding on which they have to pay 10 percent annually, what will their times interest earned ratio be
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