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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What is the Times-interest·earned ratio?
Expert Solution
Step 1
It is important to analyze whether a company has ability to pay off its debts. Means, it is important to know whether the company is capable to pay the interest on its outstanding debt or not.
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