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Gamma Logistics has a debt covenant that requires maintaining an interest coverage ratio of at least 5. If their interest expense is $200,000 and their
- Gamma Logistics has a debt covenant that requires maintaining an interest coverage ratio of at least 5. If their interest expense is $200,000 and their net income is $600,000, calculate the EBIT and determine if they are in compliance with the debt covenant.
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Intermediate Accounting
Authors: Kin Lo, George Fisher
3rd Edition Vol. 1
133865940, 133865943, 978-7300071374
