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Calculate the interest coverage ratio using the information below. Category 2022 ($) Accounts payable 800 Accounts receivable 950 Cash 300 COGS 650 Common stock 3,900
Calculate the interest coverage ratio using the information below.
Category | 2022 ($) |
Accounts payable | 800 |
Accounts receivable | 950 |
Cash | 300 |
COGS | 650 |
Common stock | 3,900 |
Depreciation expense | 40 |
Interest expense | 90 |
Inventories | 1,100 |
Long-term debt | 1,700 |
Net fixed assets | 7,150 |
Notes payable | 400 |
General & Adm. expenses | 110 |
Retained earnings | 2,700 |
Revenue/Sales | 1,200 |
Taxes | 120 |
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