Question
Thomson Trucking has $14 billion in assets, and its tax rate is 40%. Its basic earning power (BEP) ratio is 20%, and its return on
Thomson Trucking has $14 billion in assets, and its tax rate is 40%. Its basic earning power (BEP) ratio is 20%, and its return on assets (ROA) is 4%. What is its times-interest-earned (TIE) ratio? Round your answer to two decimal places.
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Essentials Of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan
9th International Edition
1259254801, 9781259254802
