What is the firms times interest earned ratio


Problem

In the past year, TVG had revenues of $2.97 million, cost of goods sold of $2.47 million, and depreciation expense of $133,880. The firm has a single issue of debt outstanding with book value of $1.13 million on which it pays an interest ra of 9%. What is the firm's times interest earned ratio?

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Financial Accounting: What is the firms times interest earned ratio
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