Coverage ratio: Trident Corp. has debt of $3.35 million with an interest rate of 6.875 percent. The company has an EBIT of $2,766,009. What is its times interest earned?
A) 13 times
B) 12 times
C) 11 times
D) None of the above
Answer: B
Coverage ratio: Trident Corp. has debt of $3.35 million with an interest rate of 6.875 percent. The company has an EBIT of $2,766,009. What is its times interest earned?
A) 13 times
B) 12 times
C) 11 times
D) None of the above
Answer: B
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