Given: operating expenses $250,000 interest expense $15,000 sales $1,000,000 gross profit $480,000 taxes $85,000 What is the
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Question:
Given:
operating expenses $250,000
interest expense $15,000
sales $1,000,000
gross profit $480,000
taxes $85,000
What is the TIE (times-interest earned)?
Expert Answer:
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