Heavy load inc has sales of 3450000 total assets of 1240000, Ask an Expert

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Heavy Load, Inc. has sales of $3,450,000, total assets of $1,240,000, and total liabilities of $275,000, which consist strictly of notes payable. The firm's operating profit margin is 16.1%, and it pays a 10% rate of interest on its notes payable. How much is the firm's times-interest-earned? Answer 15.6 45.3 20.2 3.0?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9945143

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