Business, 31.12.2020 14:00, c1100321311

Roll’s Boutique currently has total assets of $3 million in operation. Over this year, its performance yielded a basic earning power (BEP) of 35 percent and a return on assets (ROA) of 15 percent. The firm’s earnings are subject to a 40 percent tax rate. On the basis of this information, what is the firm’s time’s interest earned (TIE) ratio?

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Roll’s Boutique currently has total assets of $3 million in operation. Over this year, its performan...