Question
The Valley Corporation has $500,000 of debt outstanding, and it pays an interest rate of 12% annually. Valley's annual sales are $3 million, its average
The Valley Corporation has $500,000 of debt outstanding, and it pays an interest rate of 12% annually. Valley's annual sales are $3 million, its average tax rate is 35%, and its net profit margin on sales is 6%. What is Valley's TIE ratio?
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Finance For Non Financial Managers
Authors: Pierre Bergeron
6th Edition
0176501630, 9780176501631
