Question
Company A has $5 million of debt outstanding with an annual interest rate of 5%. AAAs annual sales are $13.2 million; its average tax rate
Company A has $5 million of debt outstanding with an annual interest rate of 5%. AAAs annual sales are $13.2 million; its average tax rate is 40%; and its net profit margin on sales is 10%. What is their current TIE ratio?
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Financial Accounting
Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin
5th Canadian edition
133472264, 978-0133446265, 133446263, 978-0133472264
