Question
In the past year, TVG had revenues of $3.1 million, cost of goods sold of $2.6 million and depreciation expense of $79,250. The firm has
In the past year, TVG had revenues of $3.1 million, cost of goods sold of $2.6 million and depreciation expense of $79,250. The firm has a single issue of debt outstanding with book value of $1.1 Million on which it pays an interest rate of 9%. What is the firms times interest earned ration? (Do not round intermediate calculations. Round your answer to 2 decimal places
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Handbook Of European Financial Markets And Institutions
Authors: Xavier Freixas, Philipp Hartmann, Colin Mayer
1st Edition
0199229953, 978-0199229956
