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The Smith Corporation has $800,000 of debt outstanding, and it pays an interest rate of 10% annually. The company's annual sales are $6 million, its

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The Smith Corporation has $800,000 of debt outstanding, and it pays an interest rate of 10% annually. The company's annual sales are $6 million, its average tax rate is 32%, and its net profit margin on sales is 4%. What is the company's times interest earned (TIE) ratio? 5.88 527 5.90 5.41

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