Ratios: Times Interest Earned (TIE) Video Lessons

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Problem: Calculate the fixed interest expense assuming sales of $40,000; variable expenses of $30,000 and times interest earned ratio of 4. a. $10,000 b. $2,500 c. $5,000 d. $7,500

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Calculate the fixed interest expense assuming sales of $40,000; variable expenses of $30,000 and times interest earned ratio of 4.

a. $10,000

b. $2,500

c. $5,000

d. $7,500

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