In the past year, TVG had revenues of $3.1 million, cost of goods sold of...
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Finance
In the past year, TVG had revenues of $3.1 million, cost of goods sold of $2.54 million, and depreciation expense of $202,000. The firm has a single issue of debt outstanding with book value of $1.2 million on which it pays an interest rate of 8.2%. What is the firm's times interest earned ratio? (Round your answer to 2 decimal places.) Times interest earned
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