XYZ Inc. has the following income statement as of 2014. Sales $7,035,000 Cost of goods sold (5,875,000)
Fantastic news! We've Found the answer you've been seeking!
Question:
XYZ Inc. has the following income statement as of 2014.
Sales $7,035,000 Cost of goods sold (5,875,000) Other expenses (550,000) EBITDA 609,000 Depreciation (116,000) EBITDA 492,000Interest expense (70,000)EBT 422,000Taxes (40%) (169.000) Net Revenue $253.000
11. Calculate this company's Earned-Time Interest (TIE) rate. If the industry it averages 6.3x, what is your assessment for this company's TIE rate? (The nearest
number)
Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
Posted Date: