Why will the fixed-charge-coverage ratio always be equal to or less than times interest earned?

Question:

Why will the fixed-charge-coverage ratio always be equal to or less than times interest earned?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamentals of Investment Management

ISBN: 978-0078034626

10th edition

Authors: Geoffrey Hirt, Stanley Block

Question Posted: