A firm has a net income before interest and taxes of $193,000 and an interest expense of

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A firm has a net income before interest and taxes of $193,000 and an interest expense of $28,100.

a. What is the times-interest-earned ratio?
b. If the firm’s lease payments are $48,500, what is the fixed charge coverage?

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Foundations Of Financial Management

ISBN: 9781260013917

17th Edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Question Posted: May 26, 2022 08:11 AM

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A firm has a net income before interest and taxes of $193,000 and an interest expense of

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Foundations Of Financial Management

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