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please help solve and explain steps principles of finance chapter 3 Calculate the times interest earned ratio for Tierre's Ts, Incorporated using the following information.
please help solve and explain steps principles of finance chapter 3
Calculate the times interest earned ratio for Tierre's Ts, Incorporated using the following information. Sales = $200,000, cost of goods sold = $50,000, depreciation expense = $13,000, addition to retained earnings = $70,000, dividends per share = $0.50, tax rate= 30 percent, and number of shares of common stock outstanding = 1,000. Tierre's Ts has no preferred stock outstanding. Multiple Choice 0.685 0.1814 0.4854 3.7756 Step by Step Solution
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