Question
A lender requires a 1.3 debt coverage ratio as a minimum. If the net operating income of a property is $88,400 what monthly amount of
A lender requires a 1.3 debt coverage ratio as a minimum. If the net operating income of a property is $88,400 what monthly amount of debt service would be acceptable?
| a. | $114,900 or higher | |
| b. | $5,667 or lower | |
| c. | $101,500 or lower | |
| d. | $114,900 or higher |
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Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Louis Gapenski
1st Edition
1567930905, 978-1567930900
