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  • 02-06-2023
  • Business
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Last year the Rondoelea Products Company had $150 million in annual sales and a net profit margin of 9.3 percent. In​ addition, Rondoelea's average tax rate was 30 percent. If Rondoelea had $43 million of debt outstanding with an average interest rate of 9.5 ​percent, what is the​ firm's times interest earned​ ratio?

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