Question
Moss Motors has $125 million in assets, and its tax rate is 40%. The company's basic earning power (BEP) ratio is 33 %, and its
Moss Motors has $125 million in assets, and its tax rate is 40%. The company's basic earning power (BEP) ratio is 33 %, and its return on total assets (ROA) is 11%. What is Moss' times-interest-earned (TIE) ratio?
| 0.75 |
| 2.25 |
| 1.25 |
| 2.53 |
| 0.59 |
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
