A firm reports sales of $1,092,256.00, COGS of $622,837.00, Selling and Administrative expense of $105,667.00, and Depreciation

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A firm reports sales of $1,092,256.00, COGS of $622,837.00, Selling and Administrative expense of $105,667.00, and Depreciation expense of $202,143.00.

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 05:58 AM

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A firm reports sales of $1,092,256.00, COGS of $622,837.00, Selling and Administrative expense of $105,667.00, and Depreciation

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Foundations of Financial Management

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