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Times Interest Earned (TIE) Ratio Calculation : Calculate the times interest earned ratio for a company with EBIT of $120,000 and interest expense of $30,000.
- Times Interest Earned (TIE) Ratio Calculation: Calculate the times interest earned ratio for a company with EBIT of $120,000 and interest expense of $30,000. What does this ratio indicate about the company’s ability to meet its interest obligations?
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Business Statistics A Decision Making Approach
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
9th Edition
013302184X, 978-0133021844
