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    newbrat2's Avatar
    newbrat2 Posts: 8, Reputation: 1
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    #1

    Apr 26, 2009, 11:28 PM
    Interest Ratio
    In the past year, TVG had revenues of $3 million, cost of goods sold of $2.5 million, and depreciation expense of $200,000. The firm has a single issue of debt outstanding with face value of $1 million, market value of $.92 million, and a coupon rate of 8 percent. What is the firm's times interest earned ratio?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Apr 28, 2009, 12:40 AM

    I seem to recall already having directed you to read the guidelines on posting homework problems. Let's try this again:

    Ask Me Help Desk - Announcements in Forum : Homework Help
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