What is the firms times interest earned ratio, Financial Accounting

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What is the firms times interest earned ratio

Problem

Last year the Rondoelea Products Company had $136 million in annual sales and a net pro?t margin of 9.8 percent. In addition. Rondoelea's average tax rate was 30 percent. It Rondoelea had $43 million of debt outstanding with an average interest rate of 10.2 percent 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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Financial Accounting: What is the firms times interest earned ratio

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