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Title: Consolidated Industries has total interest charges of $20,000 per year. Sales of $2 million ... Post by: Rickos on May 30, 2017 Consolidated Industries has total interest charges of $20,000 per year. Sales of $2 million generated an operating income of $220,000 and an after-tax profit of 6% of sales. The firm has a marginal tax rate of 39%. What is the firm's times-interest-earned ratio?
A) 10 B) 11 C) 12 D) 13 Title: Re: Consolidated Industries has total interest charges of $20,000 per year. Sales of $2 million ... Post by: vanrhee on May 30, 2017 Content hidden
Title: Re: Consolidated Industries has total interest charges of $20,000 per year. Sales of $2 million ... Post by: Rickos on Jul 5, 2017 You saved my grade for me. I can't thank you enough.
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