For Magdalen Industries, compute the net income before taxes and net profit (or loss). Taxes for the
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For Magdalen Industries, compute the net income before taxes and net profit (or loss). Taxes for the year were $1 million. Calculate the interest coverage and net profit ratio. Is the interest coverage acceptable? Explain why or why not.
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Total revenues 51 35 86 million Total expenses 70 7 77 million a Net income ...View the full answer
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