Consolidated industries has total interest charges of $42,800 per year. sales of $2.8 million which can generate

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Consolidated industries has total interest charges of $42,800 per year. sales of $2.8 million which can generate an after-tax profit of 9.4% of sales. the firm applies a tax rate of 34%. what is the firm’s times-interest-earned ratio?

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Fundamentals of Investments Valuation and Management

ISBN: 978-0077283292

5th edition

Authors: Bradford D. Jordan, Thomas W. Miller

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Posted Date: May 02, 2021 01:17 PM

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Consolidated industries has total interest charges of $42,800 per year. sales of $2.8 million which can generate

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Timesinterest earned ratio is the ratio between the Earnings Before Interest and Taxes EBIT and int... View the full answer

Fundamentals of Investments Valuation and Management

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