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Assume a company's Income Statement for Year 12 is as tollows Year 12 (in 000s) ncome Statement Data Net Revenues from Footwear Sales $530,000 340,000

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Assume a company's Income Statement for Year 12 is as tollows Year 12 (in 000s) ncome Statement Data Net Revenues from Footwear Sales $530,000 340,000 40,000 80,000 15,000 55,000 Cost of Pairs Sold Warehouse Expenses Marketing Expenses Administrative Expenses Operating Profit (Loss) Interest Income (Expense) Pre-tax Profit (Loss) Income Taxes (10,000) 45,000 13,500 Net Profit (Loss) $31,500 Based on the above income statement data and the formula for calculating the interest coverag ratio described in the Help section for p. 5 of the Footwear Industry Report, the company interest coverage ratio is 53.0 4.50 5.50 3.15 2.20

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