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anthonyaooo anthonyaooo
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2 months ago
Montreal Brewing Company has an outstanding debt of $20 million. One-tenth of the company debt bears an interest cost of 8.0% and the balance costs 6.0%. If their earnings before taxes are $5.2 million, then their times-interest-earned ratio would be

▸ 4.2.

▸ 5.2.

▸ 3.2.

▸ none of the above
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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lizwalkerlizwalker
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2 months ago
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anthonyaooo Author
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2 months ago
Thank you, thank you, thank you!
fxinternational
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Yesterday
this is exactly what I needed
Liarec
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2 hours ago
Thanks
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