Thomson trucking has 18 billion in assets and its tax rate


Thomson Trucking has $18 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 12%, and its return on assets (ROA) is 4%. What is its times-interest-earned (TIE) ratio? Round your answer to two decimal places.

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Financial Management: Thomson trucking has 18 billion in assets and its tax rate
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