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Use the following information to answer Questions 7 and 8. Company Boss's net income after tax was RM588,000 for its most recent year. The company's
Use the following information to answer Questions 7 and 8. Company Boss's net income after tax was RM588,000 for its most recent year. The company's income statement included income tax expense of RM113,000 and interest expense of RM42,000. At the beginning of the year the stockholders' equity was RM2,500,000 and at the end of the year it was RM2,760,000. The number of ordinary shares issued by Company Boss was 500,000 units. 7. What is the interest cover ratio for Company Boss? 13.79 times 14.00 times 16.69 times O 17.69 times 8. What is the earnings per share for Company Boss? RM0.52 RM1.17 RM1.48 O RM2.26
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