Question
In the past year, TVG had revenues of $3.02 million, cost of goods sold of $2.52 million, and depreciation expense of $107,300. The firm has
In the past year, TVG had revenues of $3.02 million, cost of goods sold of $2.52 million, and depreciation expense of $107,300. The firm has a single issue of debt outstanding with book value of $1.02 million on which it pays an interest rate of 10%. What is the firm's times interest earned ratio?
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
13th edition
132743469, 978-0132743464
