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Granny's Greens reported Interest expense of $6,500, Income tax expense of $27,000 and Net income of $88,000. Granny's interest coverage ratio is: (Round your final answer to two decimal places.) A. 0.05 B. 0.07 OC. 17.69 D. 18.69 27

Granny's Greens reported Interest expense of $6,500, Income tax expense of $27,000 and Net income of $88,000. Granny's interest coverage ratio is: (Round your final answer to two decimal places.) A. 0.05 B. 0.07 OC. 17.69 D. 18.69 27

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Granny's Greens reported interest expense of $6,500, Income tax expense of $27,000 and Net income of $88,000. Granny's interest coverage ratio is: (Round your final answer to two decimal places.) A. 0.05 B. 0.07 OC. 17.69 D. 18.69
Transcribed Image Text:Granny's Greens reported interest expense of $6,500, Income tax expense of $27,000 and Net income of $88,000. Granny's interest coverage ratio is: (Round your final answer to two decimal places.) A. 0.05 B. 0.07 OC. 17.69 D. 18.69
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