Greenfield Industries reported an Interest expense of $6,500, Income tax expense of $32,000, and Net income of $95,000. Greenfield's interest coverage ratio is. (Round the final answer to two decimal places.)

Greenfield Industries reported an Interest expense of $6,500, Income tax expense of $32,000, and Net income of $95,000. Greenfield's interest coverage ratio is. (Round the final answer to two decimal places.)

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 50E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Question

100%

What is the interest coverage ratio of this financial accounting question?

Greenfield Industries reported an Interest expense of $6,500, Income
tax expense of $32,000, and Net income of $95,000. Greenfield's
interest coverage ratio is. (Round the final answer to two decimal
places.)

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