AEI Incorporated has $8 billion in assets, and its tax rate is 35%. Its basic earning power

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AEI Incorporated has $8 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 12%, and its return on assets (ROA) is 6%. What is AEI's times-interest-earned (TIE) ratio?

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Financial Management Theory and Practice

ISBN: 978-1305632295

15th edition

Authors: Eugene F. Brigham, Michael C. Ehrhardt

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Posted Date: Jan 05, 2021 09:26 PM

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AEI Incorporated has $8 billion in assets, and its tax rate is 35%. Its basic earning power

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BEP EBITtotal assets 12 EBIT8 million EBIT 096 million R... View the full answer

Financial Management Theory and Practice

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