Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A firms Revenues equals $2,000,000, Earnings After Taxes equals $250,000, Earnings Before Interest and Taxes equals $400,000, and Interest payments equals $50,000. What is this

A firms Revenues equals $2,000,000, Earnings After Taxes equals $250,000, Earnings Before Interest and Taxes equals $400,000, and Interest payments equals $50,000. What is this firms Times Interest Earned?

a.

5

b.

2

c.

8

d.

need to know what its Taxes equal

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

Global Banking

Authors: Roy C Smith, Ingo Walter, Gayle DeLong

3rd Edition

0195335937, 9780195335934

More Books

Students also viewed these Finance questions

Question

What is a residual plot?

Answered: 1 week ago