What is its times-interest-earned ratio

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1. Thomson Trucking has $11 billion in assets, and its tax rate is 30%. Its basic earning power (BEP) ratio is 20%, and its return on assets (ROA) is 5%. What is its times-interest-earned (TIE) ratio? Round your answer to two decimal places.

2. A house painting business had revenues of $16,900 and expenses of $9,900 last summer. There were no depreciation expenses. However, the business reported the following changes in working capital: Accounts receivable $ 2,100 $ 5,400 Accounts payable 880 390 Calculate net cash flow for the business for this period.

Reference no: EM131832002

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