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Given the following Income Statement for Year 9 and given that the formula for calculating a companys interest coverage ratio is described in the Help
Given the following Income Statement for Year 9 and given that the formula for calculating a companys interest coverage ratio is described in the Help section for p. 5 of the Camera & Drone Journal: Income Statement Data Year 9 (in 000s) Total Revenues $ 623,000 Cost of Goods Sold 372,000 Delivery Costs 39,000 Marketing Costs 46,000 Administrative Expenses 11,500 Operating Profit (Loss) 154,500 Other Income (Expense) -3,000 Interest Income (Expense) -10,300 Pre-tax Profit (Loss) 141,200 Income Taxes 42,360
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