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

question 6

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 $1million,market value of $.92 million,and a coupon rate of 8%.What is the firm's times interest earned ratio?

• A) 3.75
• B) 2.98
• C) 2.80
• D) 3.40

---

Definitions:

Whistle-blowing

The act of exposing any kind of information or activity that is deemed illegal, unethical, or not correct within an organization that is either private or public.

White-collar Crime

Non-violent crime committed by individuals, typically during the course of their occupation, for financial gain.

Distributive Justice

The fairness of outcomes that individuals receive in an organization.

Corporate America

Corporate America is a colloquial term describing the United States’ business sector, particularly large corporations and their practices.