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A firm reports sales of $1,139,666.00, COGS of $604,280.00, Selling and Administrative expense of $108,911.00, and Depreciation expense of $212,181.00. The firms creditors expect the
A firm reports sales of $1,139,666.00, COGS of $604,280.00, Selling and Administrative expense of $108,911.00, and Depreciation expense of $212,181.00.
The firms creditors expect the TIE coverage ratio to be at least 1.80. What is the most the interest expense can be to satisfy this request?
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