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Assume a company's Income Statement for Year 12 is as follows Year 12 in 000s Income Statement Data Net Revenues from Footwear Sales Cost of
Assume a company's Income Statement for Year 12 is as follows Year 12 in 000s Income Statement Data Net Revenues from Footwear Sales Cost of Pairs Sold Warehouse Expenses Marketing Expenses Administrative Expenses Operating Profit (Loss) Interest Income (expenses) Pre-tax Profit (Loss) Income Taxes Net Profit (Loss 330,000 240,000 15,000 35,000 8,000 32,000 (10,000) 22,000 6,600 S15.400 Based on the above income statement data (assume interest income is zero), the company's interest coverage ratio is 330.0 3.20 33.0 2.20 1.54
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