In the past year, TVG had revenues of $2.95 million, cost of goods sold of $2.45 million, and depreciation expense of $178,000. The firm has a single issue of debt outstanding with book value of $1.15 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.)
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In the past year, TVG had revenues of $2.95 million, cost of goods sold of $2.45 million, and deprec...
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