Question
Net income before tax of a company is $50,000. This company has interest bearing securities of $40,000 with weighted average interest rate of 8%. The
Net income before tax of a company is $50,000. This company has interest bearing securities of $40,000 with weighted average interest rate of 8%. The company has $350,000 of ordinary shares, $350,000 of preference shares and $30,000 of reserves. The interest coverage ratio for this company is close to: Select one: A. 12.5 B. 16.63 C. 11.75 D. 15.63
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Of Synthetic Finance Three Essays Of Speculative Materialism
Authors: Benjamin Lozano
1st Edition
1138790842, 978-1138790841
