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What is the company times interest earned ratio

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Reference no: EM132968630

Question - The Rug Butler pays 1,5% interest on its outstanding debt which is R122 000 000. The company's sales are R8 1580 000, its tax rate is 40% and its net profit margin is 3,30%. What is the company's times interest earned ratio (TIE)?

Reference no: EM132968630

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