The following information is available about Ali corporation. Accounts payable $10 million Accounts receivable $5.48...
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The following information is available about Ali corporation. Accounts payable $10 million Accounts receivable $5.48 million Average inventory $30 million Buildings and land ? Cash $5 million Cost of goods sold $80 million EBIT 23948398 Long-term bonds 18291558 with 0.2 coupon Price per share $72 Price/Earnings ratio 18 Stockholders equity ? Total assets $100 million Total sales $125 mill What is the Interest coverage ratio? 6.889 6.88 Answer:
The following information is available about Ali corporation. Accounts payable $10 million Accounts receivable $5.48 million Average inventory $30 million Buildings and land ? Cash $5 million Cost of goods sold $80 million EBIT 23948398 Long-term bonds 18291558 with 0.2 coupon Price per share $72 Price/Earnings ratio 18 Stockholders equity ? Total assets $100 million Total sales $125 mill
What is the Interest coverage ratio?
6.889 6.88
Answer:
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