In 2010, a biotechnology firm, DNA Map Inc., had $700 million of assets and $280 million of liabilities.
Earnings before interest and taxes were $215 million, interest expense was $10 million, and the tax rate was
32%.
(a) Calculate the times-interest-earned.
(b) Calculate the debt-to-equity ratio.
(c) Calculate the net margin.

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The Answer of In 2010, a biotechnology firm, DNA Map Inc., had $700 million of assets and $280 million of liabilities.
Earnings before interest and taxes were $215 million, interest expense was $10 million, and the tax rate was
32%.
(a) Calculate the times-interest-earned.
(b) Calculate the debt-to-equity ratio.
(c) Calculate the net margin.

In 2010, a Biotechnology Firm, DNA Map Inc