Question
In the past year, TVG had revenues of $2.90 million, cost of goods sold of $2.40 million, and depreciation expense of $110,000. The firm has
| In the past year, TVG had revenues of $2.90 million, cost of goods sold of $2.40 million, and depreciation expense of $110,000. The firm has a single issue of debt outstanding with book value of $1.20 million on which it pays an interest rate of 10%. What is the firms times interest earned ratio? (Round your answer to 2 decimal places.) |
| Times interest earned |
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Personal Finance Version 3.1
Authors: Rachel S. Siegel
3rd Edition
1453334807, 978-1453334805
