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Following is select information for Park Company: 2020 Income Statement Interest expense $ (100) Income...

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Accounting

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Following is select information for Park Company: 2020 Income Statement Interest expense $ (100) Income before income taxes 800 Income tax expense (160) Consolidated net income 640 Net income attributable to noncontrolling interest (40) Net income attributable to Park Company shareholders 600 The income tax rate for 2020 is 20%. The 2020 interest coverage ratio (net income basis) is: 8.74 9.00 08.48 07.91

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