A firm reports sales of $1,088,335.00, COGS of $605,774.00, Selling and Administrative expense of $102,480.00, and Depreciation
Fantastic news! We've Found the answer you've been seeking!
Question:
A firm reports sales of $1,088,335.00, COGS of $605,774.00, Selling and Administrative expense of $102,480.00, and Depreciation expense of $203,499.00.
The firm's creditors expect the TIE coverage ratio to be at least 1.80. What is the most the interest expense can be to satisfy this request?
Related Book For
Foundations of Financial Management
ISBN: 978-1259277160
16th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
Posted Date: