Answered step by step
Verified Expert Solution
Question
1 Approved Answer
14.Nelson LLC, has earnings before interest and taxes of 10,350 and net income of 2,528.50. The tax rate is 25%. What is the interest coverage
14.Nelson LLC, has earnings before interest and taxes of 10,350 and net income of 2,528.50. The tax rate is 25%. What is the interest coverage ratio (times interest earned)?
A) 0.62
B) 0.96
C) 1.04
D) 1.48
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started