Question
Spunky PetSupply's operating income for the year was $106,000. The interest expense was $13,600 and the income tax expense was $8,200. What isSpunky's interest coverage
Spunky PetSupply's operating income for the year was $106,000. The interest expense was $13,600 and the income tax expense was $8,200. What isSpunky's interest coverage ratio for theyear? (Round your final answer to two decimalplaces.)
A.
7.79
B.
0.13
C.
12.93
D.
4.86
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Understanding Financial Accounting
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
1st Canadian Edition
1118849388, 9781119048572, 978-1118849385
