Ratio calculations1 thomson trucking has 15 billion in, Ask an Expert

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RATIO CALCULATIONS

1. Thomson Trucking has $15 billion in assets, and its tax rate is 40%. Its basic earning power (BEP) ratio is 18%, and its return on assets (ROA) is 7%. What is its times-interest-earned (TIE) ratio? Round your answer to two decimal places.

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