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40 0/0.5 points If XYZ's has lease expense of $293 million (for each FY2020, FY2019 and FY2018) and a covenant on their bank debt requiring

40 0/0.5 points If XYZ's has lease expense of $293 million (for each FY2020, FY2019 and FY2018) and a covenant on their bank debt requiring that annual fixed charge coverage ratio be at least 2.0 times (ie. 200% ), would they have been in compliance with the covenant all three years presented? Yes No

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