Question
In the past year, TVG had revenues of $3 million, Cogs of $2.5 million, and depreciation expense of $200,000. The firm has a single issue
In the past year, TVG had revenues of $3 million, Cogs of $2.5 million, and depreciation expense of $200,000. The firm has a single issue of debt outstanding with book value of $1 million on which it pays an interest rate of 8%. What is the firms times interest earned ratio?
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International Finance Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
10th edition
978-0133425895, 133425894, 978-0133423631, 133423638, 978-0133423648
