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Question 2 The following extract of the statement of profit or loss relates to Dizzy...

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Finance

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Question 2 The following extract of the statement of profit or loss relates to Dizzy pic for the year ended 30 September 2021: 2021 Gross profit 15,175 Expenses (2,460) Profit before interest and tax 12,715 Finance cost (5,000) Profit before tax 7,715 Tax (1,515) Profit after tax 6,200 What is the interest cover for the year? a) 2.54 times b) 3.03 times c) 1.54 times d) 1.24 times (2 marks)

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