Calculate the interest coverage ratio (using EBITDA) for 2021E, Choose answer below:

0.3x

1.9x

0.9x

2.7x

2020 2021E 2022E 2023E 2024E 2025E Income Statement Sales Revenue Cost of Sales Gross Profit $50,000 ($22,500) $27,500 $51,500 ($23,175) $28,325 $53,045 ($23,870) $29,175 $54,636 ($24,586) $30,050 $56,275 ($25,324) $30,951 $57,964 ($26,084) $31,880 SG&A Expense Depreciation Expense Interest Expense Income Before Income Taxes Income Taxes Net Income ($5,000) ($8,500) $0 $14,000 ($3,500) $10,500 ($7,725) ($9,775) ($6,000) $4,825 ($1,206) $3,619 ($7,957) ($11,050) ($4,500) $5,668 ($1,417) $4.251 ($8,195) ($12,325) ($3,000) $6,530 ($1,632) $4.897 ($8,441) ($13,600) ($1,500) $7,410 ($1,853) $5,558 ($8,695) ($14,875) $0 $8,310 ($2,078) $6,233