Description of this paper

AEI Incorporated has $4 billion in assets, and its...

Description

Solution


Question

AEI Incorporated has $4 billion in assets, and its tax rate is 40%. Its basic earning power (BEP) ratio is 12%, and its return on assets (ROA) is 5%. What is AEI's times-interest-earned (TIE) ratio? Round your answer to two decimal places.

 

Paper#10072 | Written in 18-Jul-2015

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