What is the interest coverage ratio of a firm that has sales of $821.9 million,...

90.2K

Verified Solution

Question

Finance

What is the interest coverage ratio of a firm that has sales of $821.9 million, EBIT of $77.7 million, interest expense of $20.6 million, depreciation of $36.7 million, and a 35% tax rate?

Answer accurate within 0.001

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students