Last year the Rondoelea Products Company had $150 million in annual sales and a net profit margin of 9.3 percent. In​ addition, Rondoelea's average tax rate was 30 percent. If Rondoelea had $43 million of debt outstanding with an average interest rate of 9.5 ​percent, what is the​ firm's times interest earned​ ratio?

Q&A Education