Question: 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

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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