Suppose we calculate a times interest earned ratio of 29 for Colgate-Palmolive. We can conclude
A) Colgate-Palmolive may experience some difficulty meeting its interest payments.
B) Colgate-Palmolive is very unlikely to have difficulty meeting its interest payments.
C) Colgate-Palmolive has $29 of operating cash flow for every dollar of interest expense.
D) Colgate-Palmolive's EBITDA is 29 times larger than its interest expense.
Answer: B
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The ________ says that agents' contracts to sell property covered by the Statute of Frauds must be in writing to be enforceable
A) merger clause B) common law of contracts C) doctrine of equity D) equal dignity rule
A contract induced by threatening to bring a civil suit against an individual is prohibited:
a. if the threat is an abuse of process. b. if the suit is to recover a debt, whether the debt is valid or in controversy. c. under no circumstances. d. Two answers are correct.