Assume a company's Income Statement for Year 12 is as follows:

 Income Statement DataYear 12(in 000s)Net Revenues from Footwear Sales$ 580,000Cost of Pairs Sold350,000Warehouse Expenses45,000Marketing Expenses90,000Administrative Expenses15,000Operating Profit (Loss)80,000Interest Income (Expense)(20,000)Pre-tax Profit (Loss)60,000Income Taxes18,000Net Profit (Loss)$ 42,000Based on the above income statement data and the formula for calculating the interest coverage ratio presented in the Help section for p. 5 of the Footwear Industry Report, the company’s interest coverage ratio is4.

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18-04-23 | 10:45:38

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