Question
Thomson Trucking has $12 billion in assets, and its tax rate is 25%. Its basic earning power (BEP) ratio is 12%, and its return on
Thomson Trucking has $12 billion in assets, and its tax rate is 25%. Its basic earning power (BEP) ratio is 12%, and its return on assets (ROA) is 7.25%. What is its times-interest-earned (TIE) ratio? Round your answer to two decimal places.
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Creating Shareholder Value A Guide For Managers And Investors
Authors: Alfred Rappaport
1st Edition
0684844109, 9780684844107
