Rax industries will have 26000000 of sales this year and, Ask an Expert

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Rax industries will have 26,000,000 of sales this year and projects a net profit margin off 5%. The company has a total asset turnover of 0.80 and a debt ratio of 0.45. The company's tax rate is 40 percent and it pays an average interest rate of 7% on its debt.

What is the Times Interest Earned Ratio?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92800134

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