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Consider a firm with the following financial numbers: $1,100 sales (revenue), $331 cost of goods sold, $161 administrative expense, $136 depreciation expense, $103 interest expense,
Consider a firm with the following financial numbers: $1,100 sales (revenue), $331 cost of goods sold, $161 administrative expense, $136 depreciation expense, $103 interest expense, $6 dividends, and a tax rate of 32%. There are 1178 outstanding shares. What is the Times Interest Earned Ratio? answer with at least two decimal points, and not as a percent
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