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Nash's Trading Incorporated has provided you with the following selected information from 2020 and 2021: Interest expense Income tax expense Profit Total assets Total liabilities
Nash's Trading Incorporated has provided you with the following selected information from 2020 and 2021: Interest expense Income tax expense Profit Total assets Total liabilities 2020 2021 $15000 $10000 17000 22000 70000 50000 523000 498000 282000 237000 Which of the following best interprets Nash's Trading's interest coverage ratio? Interest coverage ratio has improved compared to prior year, increasing from 6.8 to 8.2. Interest coverage ratio has weakened compared to prior year, decreasing from 3.7 to 3.1. O Interest coverage ratio has improved compared to prior year, increasing from 4.7 to 5.0. O Interest coverage ratio has weakened compared to prior year, decreasing from 6,8 to 3.8. Save for later
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