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

Income Statement DataYear 12
(in 000s)

Net Revenues from Footwear Sales$ 580,000

Cost of Pairs Sold370,000

Warehouse Expenses40,000

Marketing Expenses75,000

Administrative Expenses15,000

Operating Profit (Loss)90,000

Interest Income (Expense)(15,000)

Pre-tax Profit (Loss)75,000

Income Taxes22,500

Net Profit (Loss)$ 52,500

Based on the above income statement data and the formula for calculating the interest coverage ratio presented on the Help section for p. 5 of the Footwear Industry Report, the company’s interest coverage ratio is

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27-09-22 | 18:31:53

You can't get real answer if you break your security system. =opjrwtinf provit/intjrjst=47,777/86777=2.7

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