Interest Expense Assignment
February 20th, 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