Q27

A firm reports sales of $1,174,647.00, COGS of $623,973.00, Selling and Administrative expense of $100,672.00, and Depreciation expense of $205,086.00. The firm's creditors expect the TIE coverage ratio to be at least 1.80. What is the most the interest expense can be to satisfy this request? Submit Answer format: Currency: Round to: 2 decimal places