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Thomson Trucking has $24 billion in assets, and its tax rate is 25%. Its basic earning power (BEP) ratio is 14%, and its return on assets (ROA) is 4.25%. What is its times-interest-earned (TIE) ratio? Round your answer to two decimal places. X

Thomson Trucking has $24 billion in assets, and its tax rate is 25%. Its basic earning power (BEP) ratio is 14%, and its return on assets (ROA) is 4.25%. What is its times-interest-earned (TIE) ratio? Round your answer to two decimal places. X

Essentials Of Investments
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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Thomson Trucking has $24 billion in assets, and its tax rate is 25%. Its basic earning power (BEP) ratio is 14%, and its return on assets (ROA) is 4.25%. What is its times-interest-earned (TIE) ratio? Round your answer to two decimal places. X
Transcribed Image Text:Thomson Trucking has $24 billion in assets, and its tax rate is 25%. Its basic earning power (BEP) ratio is 14%, and its return on assets (ROA) is 4.25%. What is its times-interest-earned (TIE) ratio? Round your answer to two decimal places. X
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