Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have a firm that has: revenues of $100,000; COGS of $60,000; other expenses of $15,000; Taxes of $9,000; Interest of $1,500; cash of $5,000;

You have a firm that has: revenues of $100,000; COGS of $60,000; other expenses of $15,000; Taxes of $9,000; Interest of $1,500; cash of $5,000; accounts receivable of $11,000; inventory of $5,000; Net PP&E of $75,000; Goodwill of $10,000; accounts payable of $12,000; other current liabilities of $5,000; long term debt of $35,000; and other liabilities of $5,000. What then is its interest coverage?

options:

1.24

1.88

12.00

16.67

30.42

40.15

41.67

58.40

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Future Of Real Estate Early Warning Realtors

Authors: Anya Bartholomew

1st Edition

1975711149, 978-1975711146

More Books

Students also viewed these Finance questions

Question

Go along with Bills demands.

Answered: 1 week ago