Question
I am confused on how to answer this problem; A company has a projected times interest earned ratio of 4.0 for the next year. What
I am confused on how to answer this problem;
A company has a projected times interest earned ratio of 4.0 for the next year. What percentage could EBIT decline next year before the company's times interest earned ratio would fall below 1.0?
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Public Finance and Public Policy
Authors: Jonathan Gruber
5th edition
1464143331, 978-1464143335
