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In the past year, TVG had revenues of $3 million, cost of goods sold of $2.5 million, and depreciation expense of $200,000.The firm has a single issue of debt outstanding with a face value of $1 million, market value of $.92 million, and a coupon rate of 8%.What is the firm's times interest earned ratio? (Use value in dollars)
Primary Piston
The main piston in a system, especially in automotive braking systems, that enacts the initial force for pressure application.
Actuated Hydraulically
Operated or moved by the pressure of a fluid within a hydraulic system.
Double-acting Wheel Cylinder
A hydraulic cylinder in a drum brake system that can apply force in both directions, allowing for more effective brake application.
Single-acting Wheel Cylinders
Hydraulic cylinders in a brake system that exert force in one direction only, commonly used in drum brakes.
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