Question
MAC Corp.'s sales last year were $435,000, its operating costs were $364,500, its operating income (EBIT) was $70,500 and its interest charges were $10,500. What
MAC Corp.'s sales last year were $435,000, its operating costs were $364,500, its operating income (EBIT) was $70,500 and its interest charges were $10,500.
What was the firm's times interest earned (TIE) ratio? Please show your work.
Explain why the TIE ratio is important and what can the firm do to improve its TIE ratio.
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Stocks Bonds And Taxes A Comprehensive Handbook And Investment Guide For Everybody
Authors: Phillip B. Chute
1st Edition
1732885532, 978-1732885530
