2. Synergy's income statement shows sales of $1,000, cost of goods sold of $400. Pre-interest operating expense $300, and interest expense of $100. Interest coverage ratio of Synergy is close to A. 2 times. B. 3 times. C. 4 times. D. 5 times. 3. During September, a firm's inventory account included the following transactions: September 1 Inventory 25 units@$4.00 September 14 Purchased 60 units@$4.20 September 20 Sold 40 units@$6.00 September 21 Purchased 30 units @ $4.25 September 25 Sold 40 units @$6.10 Assuming periodic FIFO inventory costing, gross profit for September was: A. $132 B. $147 C. $153 D. $160 4. Pears PLC adheres to IFRS. It recently imported inventory for $100 million, paid import tax of $ 2milion, carrying in cost of $5 million and spent $5 million for storage prior to selling the goods. The amount it charged to inventory expense ($ millions) was closest to: A $100 B. $105 C. $107 D. $115 5. In an inflationary environment, a LIFO liquidation will most likely result in an increase in: A. Inventory. B. Accounts payable. C. Operating profit margin. D. None of them