In the past year, TVG had revenues of $2.95 million, cost of goods sold of $2.45 million, and depreciation expense of $178,000. the firm has a single issue of debt outstanding with a book value of $1.15 million on which it pays an interest rate of 8%. What is the firm's times interest earned ratio?
In the past year, TVG had revenues of $2.95 million, cost of goods sold of $2.45 million, and depreciation expense of $178,000. the firm has a single issue of debt outstanding with a book value of $1.15 million on which it pays an interest rate of 8%. What is the firm's times interest earned ratio?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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In the past year, TVG had revenues of $2.95 million, cost of goods sold of $2.45 million, and
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