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Home Q & A Board Other Fields Homework Help Business Accounting
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bravata bravata
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7 years ago
Lionworks Inc.'s operating income for the year was $75,000. The interest expense was $11,500 and the income tax expense was $6,500. Lionworks Inc.'s interest coverage ratio for the year is:
A) 11.54.
B)  4.17.
C)  6.52.
D)  0.15.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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antonio_johnantonio_john
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Massachusetts Institute of Technology
-- Accounting

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bravata Author
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#2
6 years ago
Thank you so much

I wish I knew about this years ago
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