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: 41% 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: 41% Total asset turnover: 2.0 What is their TIE ratio?
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
