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Business, 12.08.2020 05:01 lcoronilla96

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?

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In the past year, TVG had revenues of $3 million, cost of goods sold of $2.5 million, and depreciati...

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