Capital structure?- firm times interest earned? ratio

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Reference no: EM131323051

?(Capital structure? analysis) Last year the Rondoelea Products Company had $ 143 million in annual sales and a net profit margin of 9.5 percent. In? addition, Rondoelea's average tax rate was 30 percent. If Rondoelea had $ 36 million of debt outstanding with an average interest rate of 10.4 ?percent, what is the? firm's times interest earned? ratio? The times interest earned ratio is nothing times.? (Round to one decimal? place.)

Reference no: EM131323051

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