Question
If a business has a fixed-charges coverage ratio of 5.0 times and the industry average is 4.0 times, how does the company compare to the
If a business has a fixed-charges coverage ratio of 5.0 times and the industry average is 4.0 times, how does the company compare to the industry average?
a) The company may be able to service all its fixed charges better than other companies in the industry.
b) The company is doing better than the industry average.
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b The company is doing better than the industry average is correct E...
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Foundations of Business
Authors: William M. Pride, Robert J. Hughes, Jack R. Kapoor
6th edition
1337386928, 9781337670975 , 978-1337386920
