The Digital Warehouse has an outstanding debt of R580 000 with an interest rate of 9, 15%. The company's sales amount to R4 290 000, the tax rate is 40%, and the net profit margin is 3,5%. What is the company's times interest earned ratio? 1. 1, 13 times 2. 4,70 times 3. 5, 72 times 4. 7,93 times
The Digital Warehouse has an outstanding debt of R580 000 with an interest rate of 9, 15%. The company's sales amount to R4 290 000, the tax rate is 40%, and the net profit margin is 3,5%. What is the company's times interest earned ratio? 1. 1, 13 times 2. 4,70 times 3. 5, 72 times 4. 7,93 times
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
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
Transcribed Image Text:The Digital Warehouse has an outstanding debt of R580 000 with an interest rate of 9, 15%. The company's sales
amount to R4 290 000, the tax rate is 40%, and the net profit margin is 3,5%. What is the company's times interest
earned ratio? 1. 1, 13 times 2. 4,70 times 3. 5, 72 times 4. 7,93 times
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