Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. thomson trucking has $10 billion in assets, and it

Thomson Trucking has $10 billion in assets, and its tax rate is 30%. Its basic earning...

70.2K

Verified Solution

Question

Finance

Thomson Trucking has $10 billion in assets, and its tax rate is30%. Its basic earning power (BEP) ratio is 20%, and its return onassets (ROA) is 5%. What is its times-interest-earned (TIE) ratio?Round your answer to two decimal places.

Answer & Explanation Solved by verified expert
4.2 Ratings (795 Votes)
Step1 Calculation of Net Income Return on Assets ROA Net Income Total Assets 005 Net Income 10000000000 Net Income 10000000000 x 005 Net Income 500000000 Step2 Calculation of Earnings Before    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

An unielectronic ion of element A atomic number of element A is n has velocity...

Basic Math
1.2K views

Use Lagrange multipliers to show that the shortest distance from the point (x0,y0,z0) to the plane ax+by+cz=d Is...

Chemistry
1.2K views

which of the following reactions are spontaneous?

Medical Sciences
1.2K views

provide a summary of the respiratory system from the perspective of inhaled air. your description should include:...

Chemistry
1.2K views

Calculate the equilibrium concentration of [FeSCN2+] in Part A if 10.0mL of 2.0x10-3M KSCN and 25.00mL...

Programming
1.2K views

Which of the following is a database client software? Microsoft SQL Server 2017 Developer Microsoft SQL Server Management...

Mechanical Engineering
1.2K views

The flow limit of commercial-grade aluminum is given as σ = 120 MPa, the modulus of...

Basic Math
1.2K views

11 COA Not secure moodle ithsorg mod quiz attempt php attempt 122 LTHS Moodle Question...

Statistics
1.2K views

A club with 55 college students is doing volunteer work this semester Each student is...

Algebra
1.2K views

4 Cole s rectangular garden has an area of 54 square feet What could be...

Accounting
1.2K views

Eva earned $89 in tips in March. When must the employer be...

Accounting
1.2K views

High Country, Incorporated, produces and sells many recreational products. The company has just opened a...