What is the firm times interest earned ratio

Reference no: EM132029970

Question: In the past year, TVG had revenues of $3.03 million, cost of goods sold of $2.53 million, and depreciation expense of $178,640. The firm has a single issue of debt outstanding with book value of $1.03 million on which it pays an interest rate of 8%. What is the firm's times interest earned ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Times interest earned?

Reference no: EM132029970

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