Illustrate what is the industry time interest earned ratio

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Q. Had revenues of $3 million, cost of goods sold of $2.5 million and depreciation expense of $200,000. The industry has a single issue of debt outstanding with face value of $1 million, market value of $.92 million and a coupon rate of 8 percent. Illustrate what is the industry's time's interest earned ratio?

Reference no: EM1387298

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