In the Past Year, TVG Had Revenues of $3 Million

question 73

Multiple Choice

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)

• A)3.75
• B)2.98
• C)2.80
• D)3.40

---

Definitions:

Haploid Chromosome

A set of chromosomes that is half the full set of genetic material, typical of gametes, where each cell contains one complete set of chromosomes.

Genetic Combinations

The various arrangements of genes and alleles that result from the process of meiosis and sexual reproduction, contributing to genetic diversity.

Gametes

Reproductive cells (sperms in males and eggs in females) that unite during sexual reproduction to form a new organism.

Vitelline Envelope

The Vitelline Envelope is a protective layer that surrounds the plasma membrane of ovum (egg cells), particularly in invertebrates, involved in fertilization.