A firm reports sales of $1,088,335.00, COGS of $605,774.00, Selling and Administrative expense of $102,480.00, and Depreciation

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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 answer-question

Foundations of Financial Management

ISBN: 978-1259277160

16th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Posted Date: Apr 03, 2023 09:41 PM

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A firm reports sales of $1,088,335.00, COGS of $605,774.00, Selling and Administrative expense of $102,480.00, and Depreciation

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The TIE times interest earned coverage ratio is calculated as EB... View the full answer

Foundations of Financial Management

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