Question
Problem 4-12 Ratio Calculations Graser Trucking has $24 billion in assets, and its tax rate is 40%. Its basic earning power (BEP) ratio is 19%,
Problem 4-12 Ratio Calculations
Graser Trucking has $24 billion in assets, and its tax rate is 40%. Its basic earning power (BEP) ratio is 19%, and its return on assets (ROA) is 7%. What is its times-interest-earned (TIE) ratio? Round your answer to two decimal places.
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
