Question
You are given the following financial data for company A: Cash = $5,000; inventories = $1,000; account receivable = $700; other current assets = $500;
You are given the following financial data for company A: Cash = $5,000; inventories = $1,000; account receivable = $700; other current assets = $500; long term assets = $1,000; accounts payable = $800; other current liabilities = $4,000; long term liabilities = $1,000; net income = $1,200; total revenue = $8,000; EBIT = $3,000; interest income = $400; and interest expense = $600. What is the TIE ratio?
Group of answer choices
A. 7.5X
B. 5X
C. 3X
D.2.1X
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Principles Of Quantitative Equity Investing
Authors: Sugata Ray
1st Edition
0134878450, 978-0134878454
