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11-12-2019
Business

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A firm has sales of $68,400, costs of $42,900, interest paid of $2,100, and depreciation of $6,500. The tax rate is 34 percent. What is the value of the times interest earned (TIE) ratio?
a. 9.04
b. 15.24
c. 17.27
d. 12.14
e. 24.56

Respuesta :

jalalpms256 jalalpms256

11-12-2019

Answer:

9.04

Explanation:

TIE ratio = profit excluding interest/interest

expense

Putting value in above equation;

TIE ratio = 68400-42900-6500/2100

TIE ratio = 9.04

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