Previous info total asset turnover is 41x and net annual


Previous info: Total asset turnover is 4.1x and net annual sales are $42.90 million. If the firm has $6 million of total debt, its debt ratio is %50.

Stockbridge pays 10% annual interest on its outstanding debt. If the firm's total operating costs (including depreciation and amortization) equal $37 million, what is the TIE ratio?

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Financial Management: Previous info total asset turnover is 41x and net annual
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