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Total assets Total liabilities Interest expense Income tax expense Profit Interest coverage O $1,571,000 O $2,250,000 Year 2 $15,000,000 7,800,000 450,000 900,000 O $2,108,000 O
Total assets Total liabilities Interest expense Income tax expense Profit Interest coverage O $1,571,000 O $2,250,000 Year 2 $15,000,000 7,800,000 450,000 900,000 O $2,108,000 O $2,700,000 8 What was their profit in Year 2? (Some options are rounded to the nearest thousand Year 1 $12,000,000 6,000,000 300,000 790,000 1,850,000 9.8
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