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What is the firm times-interest-earned ratio

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Reference no: EM132917653

Problem 1: A firm has total interest expense of $20,000 per year, sales of $1 million, a tax rate of 35 percent, and a net profit margin of 2.6 percent. If the interest income is $10,000, what is the firm's times-interest-earned ratio?

Reference no: EM132917653

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