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AEI Incorporated has $8 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 12%, and its return on
AEI Incorporated has $8 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 12%, and its return on assets (ROA) is 6%. What is AEI's times-interest-earned (TIE) ratio?
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BEP EBITtotal assets 12 EBIT8 million EBIT 096 million R...
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Financial Management Theory and Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
15th edition
130563229X, 978-1305632301, 1305632303, 978-0357685877, 978-1305886902, 1305886909, 978-1305632295
