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Thomson Trucking has $25 billion in assets, and its tax rate is 40%. Its basic earning...

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Finance

Thomson Trucking has $25 billion in assets, and its tax rate is40%. Its basic earning power (BEP) ratio is 19%, and its return onassets (ROA) is 5%. What is its times-interest-earned (TIE) ratio?Round your answer to two decimal places.

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Calculation of Times Interest Earned Ratio TIE Step1 Calculation of Earnings Before Interest and Tax EBIT Basic Earning Power BEP EBIT Total Assets 019 EBIT 25    See Answer
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Thomson Trucking has $25 billion in assets, and its tax rate is40%. Its basic earning power (BEP) ratio is 19%, and its return onassets (ROA) is 5%. What is its times-interest-earned (TIE) ratio?Round your answer to two decimal places.

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