What is the? firm times interest earned? ratio

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1. Last year the Rondoelea Products Company had $133 million in annual sales and a net profit margin of 10.4 percent. In? addition, Rondoelea's average tax rate was 30 percent. If Rondoelea had $44 million of debt outstanding with an average interest rate of 9.6 ?percent, what is the? firm's times interest earned? ratio?

2. NoGrowth industries presently pays an annual dividend of $1.50 per share and it is expected that these dividend payments will continue indefinitely. If NoGrowth's equity cost of capital is 12%, then what is the value of a share of NoGrowth's stock.

Reference no: EM131990183

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