Question 14 Assume a company's Income Statement for Year 12 is as follows: Income Statement Data Net Revenues from Footwear Sales Cost of Pairs Sold Warehouse Expenses Marketing Expenses Administrative Expenses Operating Profit (Loss) Interest Income (Expense) Pre-tax Profit (Loss) Income Taxes Net Profit (Loss) Year 12 (in 000s) $ 560,000 340,000 45,000 85,000 15,000 75,000 (25,000) 50 000 15,000 $ 35,000 Based on the above income statement data and the formula for calculating the interest coverage ratio presented on the Help section for p. 5 of the Footwear Industry Report, the company's interest coverage ratio is o 22.4 O 2.00 400 Based on the above income statement data and the formula for calculating the interest coverage ratio presented on the Help section for p. 5 of the Footwear Industry Report, the company's interest coverage ratio is 22.4 2.00 04.00 O 1.40 O 3.00