What is the firms times interest earned ratio

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Reference no: EM131445495

In the past year, TVG had revenues of $2.91 million, cost of goods sold of $2.41 million, and depreciation expense of $146,570. The firm has a single issue of debt outstanding with book value of $1.19 million on which it pays an interest rate of 9%. 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: EM131445495

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