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Dandy Co. had operating profit of $250,000. The company paid interest at a rate of...

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Accounting

Dandy Co. had operating profit of $250,000. The company paid interest at a rate of 5% on $250,000 of debt and paid tax of $95,000. The company also paid a dividend of $100,000. The dividend cover ratio was 1.5X 1.55X 2.50X none of the options 2.00X
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Dandy Co. had operating profit of $250,000. The company paid interest at a rate of 5% on $250,000 of debt and paid tax of $95,000. The company also paid a dividend of $100,000. The dividend cover ratio was 1.5X 1.55x 2.50x none of the options 2.00x

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