Company’s Interest Coverage Ratio Assignment | Homework For You
May 22nd, 2020
A company has EBIT of $50,000, Interest Expense of $10,000, EBT of $40,000, Taxes of $8,000 and Net Income of $32,000. What is the company’s interest coverage ratio?
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Select one:
a. 5 times
b. 4 times
c. 8 times
d. 3.2 times. Get Finance homework help today