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Balance Sheet (Millions) Income Statement (Millions) Assets Cash 1,290 Net Sales 51,600 Receivables 9,890 Operating Costs...

Balance Sheet (Millions)

Income Statement (Millions)

Assets

Cash

1,290

Net Sales

51,600

Receivables

9,890

Operating Costs

48,246

Inventory

13,760

Depreciation

903

PP&E

18,060

EBIT

2,451

Total Assets

43,000

Interest

927

EBT

1,524

Liabilities and OE

Taxes

534

Accounts Payable

8,170

Net Income

990

Notes Payable

6,677

Wages Payable

4,073

Other Data

Long Term Bonds

8,815

Shares Outstanding (millions)

750

Total Equity

15,265

Dividends (millions)

$346.67

Calculate the TIE ratio. Show work for credit.
business   finance   
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Answer #1

TIE ratio stands for Times Interest Earned ratio. This ratio tells how many times the interest expense the firm is able to ge

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