Question
Movers Inc. has sales of $640,000, cost of goods sold of $420,000, depreciation of $32,500, and interest expense of $12,500. The tax rate is 21
Movers Inc. has sales of $640,000, cost of goods sold of $420,000, depreciation of $32,500, and interest expense of $12,500. The tax rate is 21 percent. What is the times interest earned (TIE) ratio?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
8th Edition
007322359X, 9780073223599
