Last year the Rondoelea Products Company had $142 million in annual sales and a net profit margin of 10.4 percent. In​ addition, Rondoelea's average tax rate was 30 percent. If Rondoelea had $37 million of debt outstanding with an average interest rate of 9.3 ​percent, what is the​ firm's times interest earned​ ratio?

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Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.