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The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any

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The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be folled over. Total liabilities $45,000 Common stock 54,350 Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of \$) Net sales $120,0002016 Operating costs except depreciation 111,600 Depreciation Earnings before interest and taxes (EBIT) Less interest Eamings before taxes (EBT) $4,980 Taxes Net income Other data: Shares outstanding (millions) 500.00 Common dividends (millions of \$) $1,045,80 Refer to Exhibit 4.1. What is the firm's TIE? Do not round your intermediate calculations. 7.18 5.47 6.35 5.76 5.88

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