QUESTION 20 A firm has a tax rate of 38%, and net income of $720 million. If the interest expense on the firm's debt is $80 million, determine the times interest earned ratio. 7.99 11.957 15.516 16.343 none of the above QUESTION 21 Trico Windshield Wipers Corporation has a 24% return on equity. The debt ratio is 45%. If the net profit margin is 6% and the total asset turnover is 1.5X, what is the firm's profit margin? 13.85% 8.80% 14.25% 10.40% none of these