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assume a company's income statement for year 2012 is as follows:
assume a company's income statement for year 2012 is as follows:
net revenues from footwear sales 330,000
cost of pairs sold 240,000
warehouse expenses 15,000
marketing expenses 35,000
administrative expenses 8,000
operating profit(LOSS) 32,000
interest income(expenses) 10,000
pre-tax profit(loss) 22,000
income taxes 6,600
net profit (loss) 15400
based on the above income statement data(assume interest income is zero). the company's interest coverage ratio is
