answersLogoWhite

0

2-3 Wolken Corporation has $500000 of debt outstanding, and it pays an interest rate of 10 percent annually. Wolken's annual sales are $2 million, its average tax rate is 20 percent, and its net profit margin is 5 percent. If the company does not maintain a TIE ratio of at least 5, its bank will refuse to renew ...the loan what is wolkens tie ratio

User Avatar

Wiki User

13y ago

Still curious? Ask our experts.

Chat with our AI personalities

ReneRene
Change my mind. I dare you.
Chat with Rene
EzraEzra
Faith is not about having all the answers, but learning to ask the right questions.
Chat with Ezra
ViviVivi
Your ride-or-die bestie who's seen you through every high and low.
Chat with Vivi

Add your answer:

Earn +20 pts
Q: What is the example of the times interest earned?
Write your answer...
Submit
Still have questions?
magnify glass
imp