Question
Consolidated industries has total interest charges of $42,800 per year. sales of $2.8 million which can generate an after-tax profit of 9.4% of sales. the
Consolidated industries has total interest charges of $42,800 per year. sales of $2.8 million which can generate an after-tax profit of 9.4% of sales. the firm applies a tax rate of 34%. what is the firm’s times-interest-earned ratio?
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Timesinterest earned ratio is the ratio between the Earnings Before Interest and Taxes EBIT and int...
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
