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When a times-interest-earned ratio is 8.5, this means that the firm:?

When a times-interest-earned ratio is 8.5, this means that the firm:?
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When a times-interest-earned ratio is 8.5, this means that the firm:?

User Alberto Crespo
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1 Answer

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Answer: This means that income is 8.5 times greater than his annual interest expense. In other words, it can afford to pay additional interest expenses.
User Gsagrawal
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