As a result of issuing 20 -year bonds payable, Low-Cal Foods now has an interest coverage ratio

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As a result of issuing 20 -year bonds payable, Low-Cal Foods now has an interest coverage ratio of .75 to 1 . Should this ratio be of greater concern to short-term creditors or to stockholders? Explain.

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Financial & Managerial Accounting

ISBN: 9780073526997

15th Edition

Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello

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Question Posted: May 19, 2024 04:02 AM

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As a result of issuing 20 -year bonds payable, Low-Cal Foods now has an interest coverage ratio

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Financial & Managerial Accounting

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