Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company has sales = $800,000. The company has EBIT = $450,000. The company needs to pay an interest of $100,000. What is the times

A company has sales = $800,000. The company has EBIT = $450,000. The company needs to pay an interest of $100,000. What is the times interest earned ratio?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The New Microfinance Handbook A Financial Market System Perspective

Authors: Joanna Ledgerwood, Julie Earne, Candace Nelson

1st Edition

0821389270, 978-0821389270

More Books

Students also viewed these Finance questions

Question

1. Explain how business strategy affects HR strategy.

Answered: 1 week ago