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What is the firm times-interest-earned ratio

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Problem - A firm has total interest charges of $10,000 per year, sales of $1 million, a tax rate of 40 percent, and a net profit margin of 6 percent. What is the firm's times-interest-earned ratio?

a. 16 times

b. 10 times

c. 7 times

d. 11 times

e. 20 times

Reference no: EM132839350

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