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In the past year, TVG had revenues of $3 million, cost of goods sold of $2.5 million, and depreciation expense of $200,0
Posted: Sat Nov 27, 2021 5:36 pm
by answerhappygod
- In The Past Year Tvg Had Revenues Of 3 Million Cost Of Goods Sold Of 2 5 Million And Depreciation Expense Of 200 0 1 (77.38 KiB) Viewed 88 times
In the past year, TVG had revenues of $3 million, cost of goods sold of $2.5 million, and depreciation expense of $200,000. The firm has a single issue of debt outstanding with book value of $1 million on which it pays an interest rate of 8%. What is the firm's times interest earned ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Times interest earned