Thomson trucking has 13 billion in assets and its tax ratio


Thomson Trucking has $13 billion in assets, and its tax ratio is 40%. Its basic earning power (BEP) ratio is 10%, and its return on assets (ROA) is 3%. What is its times-interest-earned (TIE) ratio? Round your answer to two decimal places.

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Business Management: Thomson trucking has 13 billion in assets and its tax ratio
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