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HOW do i figure my interest expense from here? The following income statement is reported for a firm for the fiscal year 2020 (in millions

HOW do i figure my interest expense from here?

The following income statement is reported for a firm for the fiscal year 2020 (in millions of dollars):

Sales

$3,050

Cost of sales

1,700

Gross profit

1,350

Selling expenses

550

Administrative expenses

370

Finance costs

80

Net profit before tax

350

Income tax

105

Net profit after tax

245

What is the interest coverage ratio for this firm in 2020?

16.88 times

4.38 times

3.06 times

5.38 times

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