Question
Polar Bear Ice Road Trucking Company has the following data: Assets: $10,000 Profit margin: 3.0% Debt ratio: 60.0% Interest rate: 10.0% Tax rate: 38% Total
Polar Bear Ice Road Trucking Company has the following data:
Assets: $10,000
Profit margin: 3.0%
Debt ratio: 60.0%
Interest rate: 10.0%
Tax rate: 38%
Total asset turnover: 2.0
What is their TIE ratio?
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
10th Edition
0135160618, 978-0135160619
