A times-interest-earned ratio of 3.5 indicates that the firm pays 3.5 times its earnings in interest expense. has interest expense equal to 3.5% of EBIT. has interest expense equal to 3.5% of net income. has EBIT equal to 3.5 times its interest expense.

Robert black, regional manager for ford in texas and oklahoma, faced a dilemma. the ford f-150 pickup truck was the best-selling pickup ever, yet ford's headquarters in detroit had decided to introduce a completely redesigned f-150. how could mr. black sell both trucks at the same time? he still had "old" f-150s in stock. in his advertising, mr. black referred to the new f-150s as follows: "not a better f-150. just the only truck good enough to be the next f-150." this statement represents ford's of the new f-150.

What is the sequence of events that could lead to trade surplus

Adecision is made at the margin when each alternative considers