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FIN 300 CH 4 Dynamic StudyLaken Industries has a times interest earned (TIE) ratio of 18.3X. What does this ratio indicated about Laken Industry’s financial health?Laken Industries will soon have difficulty servicing its debt.Which ratio indicates how much profit the firm is generating for the owners?
Financial managers use ratio analysis to;XYZ Industries has a current ratio of .85 which means that the Firm XYZ’s recent financial reports indicated operating profits of $45.7 million, net income of $27.6 million, and interest expense of$5.9 million. Given this information, what is the firm’s times interest earned ratio?