According to the information presented below, can you calculate the Interest Coverage Ratio for Alternatives, INC? *Round
Question:
According to the information presented below, can you calculate the Interest Coverage Ratio for Alternatives, INC? *Round your answer to the nearest two decimals, if needed. If the answer is a percentage, please type as a percentage and not as decimal (i.e., 5.2 and not 0.052). Please do not type symbols in your answer (e.g., $, %, ...) ----- EXTRACT FROM FINANCIAL STATEMENTS ----- Alternatives, INC Balance Sheet Extract Cash & Equivalents $10,815,728 Receivables $3,771,819 Inventory $6,921,202 Total Current Assets $27,960,787 Total Non-Current Assets $11,445,777 Payables $3,173,161 Total Current Liabilities $11,331,644 Total Liabilities $14,655,013 Number of Shares Outstanding 1,359,986 Shareholders' Equity ??? Price per Share $104 Alternatives, INC Income Statement Extract Total Revenue $45,212,864 Cost of Goods Sold $25,010,925 Depreciation $868,564 Operating Expenses $15,431,691 Interest Expense $1,738,482 Earnings before Interest and Taxes (EBIT) ??? Net Income ??? Payout Ratio 39
Essentials of Investments
ISBN: 978-0077835422
10th edition
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus