Question
Thomson Trucking has $21 billion in assets, and its tax rate is 25%. Its basic earning power (BEP) ratio is 10%, and its return on
Thomson Trucking has $21 billion in assets, and its tax rate is 25%. Its basic earning power (BEP) ratio is 10%, 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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Applied Quantitative Finance
Authors: Härdle
3rd Edition
3662544857, 978-3662544853
