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Following are excerpts from the financial statements of Revlon, Inc. (in millions): Sales Cost of sales Provision for income taxes Interest expense Net income (loss)
Following are excerpts from the financial statements of Revlon, Inc. (in millions): Sales Cost of sales Provision for income taxes Interest expense Net income (loss) Trade receivables, less allowance for Inventories Accounts payable Total long-term debt Total shareholders' equity Noncontrolling interest Total assets Year 1 $1,494.70 545.10 46.00 73.80 ($5.80) The interest coverage ratio (on a net income basis) is O a. 0.05. O b. 1.48. O c. 2.41. O d. 0.48. 253.50 175.00 165.70 1,862.30 (596.50) 0.00 2,016.90 Year 2 $1,941.00 668.30 77.80 84.40 $40.90 238.90 156.60 153.50 1,832.40 (644.10) 0.00 1,944.10 comendence
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