See attached question.

Assume a company's Income Statement for Year 12 is as follows: Income Statement Data Year 12 (in 000s) Net Revenues from Footwear Sales Cost of Pairs Sold $ 560,000 340,000 Warehouse Expenses 45,000 Marketing Expenses 85,000 Administrative Expenses 15,000 Operating Profit (Loss) 75,000 Interest Income (Expense) (25,000) Pre-tax Profit (Loss) 50,000 Income Taxes 15,000 Net Profit (Loss) $ 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 2.00 O 22.4. O 1.40 O 3.00 O 4.00