Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A minimum interest cover ratio of 2 is considered to be appropriate and it means that lease and interest charges of business are covered 2
A minimum interest cover ratio of 2 is considered to be appropriate and it means that lease and interest charges of business are covered 2 times by its net income.
Select one:
True
False
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