Question

Debt outstanding in Company Z is $850,000 at 7.5%. Annual sales of the Company are
$5,500,000. Net profit margin on sales is 6.5%. Company pays tax at 35%. TIE ratio of
Company is:
a) 9.63
b) 8.63
c) 1.54
d) 2.63​

Answer 1

Answer:

Answer is A 9.63

Hello friend

Answer 2

Explanation:

a) 9.63

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