What is the tie ratio

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Times-interest-earned-ratio- The H.R. Pickett Corp. has $500,000 of debt outstanding, and it pays an annual interest rate of 10 percent. Its annual sales are $2 million, its average tax rate is 30 percent, and its net profit margin on sales is 5 percent. What is the TIE ratio?

Reference no: EM131138776

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What is the tie ratio : Times-interest-earned-ratio- The H.R. Pickett Corp. has $500,000 of debt outstanding, and it pays an annual interest rate of 10 percent. Its annual sales are $2 million, its average tax rate is 30 percent, and its net profit margin on sales is 5 perc..
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