Thomson Trucking has $ 2 0 billion in assets, and its tax rate is 3 0 Its basic earning power ( BEP ) ratio is 1 5 , and its return on assets ( ROA ) is 4 What is its times interest earned ( TIE ) ratio Round your answer to two decimal places ...

The timesinterestearned TIE ratio can be calculated using the formula TIE ...

Thomson Trucking has $ 2 0 billion in assets, and its tax rate is 3 0 %

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Question:

Thomson Trucking has $

20

billion in assets, and its tax rate is

30 % .

Its basic earning power

(

BEP

)

ratio is

15 %,

and its return on assets

(

ROA

)

4 % .

What is its times

-

interest

-

earned

(

TIE

)

ratio? Round your answer to two decimal places.

Related Book For answer-question

Fundamentals of Financial Management

ISBN: 978-0324664553

Concise 6th Edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: Feb 04, 2024 06:28 AM

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Thomson Trucking has $ 2 0 billion in assets, and its tax rate is 3 0 %

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The timesinterestearned TIE ratio can be calculated using the formula TIE ... View the full answer

Fundamentals of Financial Management

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