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Using the following selected income statement data for KRJ Enterprises, calculate the debt service coverage ratio. Present your answer rounded to two decimal places. e.g.
Using the following selected income statement data for KRJ Enterprises, calculate the debt service coverage ratio. Present your answer rounded to two decimal places. e.g. 20.00.
Sales | $15,043 |
Cost of goods sold | 7,168 |
Cash operating expenses* | 2,376 |
Depreciation and amortization expense | 1,715 |
Operating earnings (EBIT) | 6,283 |
Interest expense | 682 |
Tax expense | 804 |
*included in the cash operating expenses are $784 of operating lease expenses
In addition, $367 of interest was capitalized during the year debt principal of $864 was repaid.
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