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Global Satellite Corp.has a total asset turnover ratio of 6.00x and it generated net annual Sales of $40 million while incurring operating expenses of $18
Global Satellite Corp.has a total asset turnover ratio of 6.00x and it generated net annual Sales of $40 million while incurring operating expenses of $18 million (including depreciation & ammortization). On its balance sheet income statement it reported total debt of $2.50 million on which it pays 7% interest on its outstanding debt. What is the Debt ratio and Times interest Earned ratio? Global Satellite Corp. raises around ________ from creditors for each dollar of equity?
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