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Thomson Trucking has $18 billion in assets, and its tax rate is 25%. Its basic earning power (BEP) ratio is 19%, and its return on
Thomson Trucking has $18 billion in assets, and its tax rate is 25%. Its basic earning power (BEP) ratio is 19%, and its return on assets (ROA) is 5.25%. What is its times-interest-earned (TIE) ratio? Round your answer to two decimal places
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A Fast And Frugal Finance
Authors: William P. Forbes, Aloysius Igboekwu, Shabnam Mousavi
1st Edition
0128124954, 978-0128124956
