Pfizer currently has a Net Profit Margin of 5%, its corporate tax rate is 21% and its annual interest payments are $6 million. How much do Pfizer’s sales need to be to produce a times interest earned (TIE) of 7.0?

Pfizer currently has a Net Profit Margin of 5%, its corporate tax rate is 21% and its annual interest payments are $6 million. How much do Pfizer’s sales need to be to produce a times interest earned (TIE) of 7.0?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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