What is its times-interest-earned ratio

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1) Britton Industries has operating income for the year of $3,600,000 and a 35% tax rate. Its total invested capital is $18,000,000 and its after-tax percentage cost of capital is 7%. What is the firm’s EVA?

2) Graser Trucking has $22 billion in assets, and its tax rate is 40%. Its basic earning power (BEP) ratio is 16%, and its return on assets (ROA) is 6%. What is its times-interest-earned (TIE) ratio? Round your answer to two decimal places.

Reference no: EM13976671

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What is its times-interest-earned ratio : Britton Industries has operating income for the year of $3,600,000 and a 35% tax rate. Its total invested capital is $18,000,000 and its after-tax percentage cost of capital is 7%. What is the firm’s EVA? Graser Trucking has $22 billion in assets, an..

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