Interest Expense Assignment | Homework For You
February 13th, 2020
A firm reports sales of $1,143,669.00, COGS of $615,851.00, Selling and Administrative expense of $108,831.00, and Depreciation expense of $213,814.00.
The firm’s creditors expect the TIE coverage ratio to be at least 1.80. What is the most the interest expense can be to satisfy this request? Get Finance homework help today