In the past year, TVG had revenues of $3.02 million, cost of goods sold of $2.52...

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In the past year, TVG had revenues of $3.02 million, cost of goods sold of $2.52 million, and depreciation expense of $107,30

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Answer 1

Answer #1

EBIT = (3,020,000 - 2,520,000 - 107,300) = $392,700

Interest Expense = 0.10(1,020,000) = $102,000

TIE Ratio = 392,700/102,000

TIE Ratio = 3.85

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Answer 2

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In the past year, TVG had revenues of $3.02 million, cost of goods sold of $2.52...

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