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Assume a company's Income Statement for Year 12 is as follows: ...

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Accounting

Assume a company's Income Statement for Year 12 is as follows:

Income Statement Data Year 12 (in 000s)
Net Revenues from Footwear Sales $ 300,000
Cost of Pairs Sold 190,000
Warehouse Expenses 15,000
Marketing Expenses 40,000
Administrative Expenses 8,000
Operating Profit (Loss) 47,000
Interest Income (expenses) (10,000)
Pre-tax Profit (Loss) 37,000
Income Taxes 11,100
Net Profit (Loss) $ 25,900

Based on the above income statement data (assume interest income is zero), the company's interest coverage ratio is
image image a) 30.0.
image image b) 4.70.
image image c) 2.59.
image image d) 3.70
image image 300.0.

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