What is times-interest-earned ratio

Assignment Help Financial Management

Reference no: EM131989886

MPI Incorporated has $8 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 9%, and its return on assets (ROA) is 3%.

What is MPI's times-interest-earned (TIE) ratio? Round your answer to two decimal places.

_______

Reference no: EM131989886

Questions Cloud

Major corporations should put social responsibility : Do you think major corporations should put social responsibility above, below or at the same level as the financial return to stockholders.

Risk-averse while mike macho actually enjoys taking risk : Tim Trepid is highly risk-averse while Mike Macho actually enjoys taking a risk. Which one of the following four investments should Tim choose?

Ultimate recreational tennis racket : You are evaluating a project for The Ultimate recreational tennis racket, guaranteed to correct that wimpy backhand.

Rate of return on the eiffel tower as real-estate investment : What is the implicit(annually-stated) rate of return on the Eiffel Tower as a real-estate investment?

What is times-interest-earned ratio : What is MPI's times-interest-earned (TIE) ratio?

What is the amount of the annual dividend that stock : What is the amount of the annual dividend that stock B is expected to pay in 1 year from today?

Compute aftertax cost of preferred stock : Compute the aftertax cost of debt. Compute the aftertax cost of preferred stock.

What is the effective annual rate of return on rossie stock : The revered Rossignol Brothers investment banking house ' goes public' with IPO (coincidentally). what is the effective annual rate of return on Rossie stock?

What marketing research does for marketing management role : What marketing Research does for marketing management role (role)? What is the key difference between basic research and applied research ?

User Account

All Pages