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Selected financial statement data for KRJ Enterprises are listed below. Calculate the debt service coverage ratio. Present your answer rounded to two decimal places. e.g. 20.00. Sales Cost of goods sold Cash operating expenses Depreciation and amortization expense Interest expense Tax expense $13,400 $8,168 $1,859 $200 $143 $298

Selected financial statement data for KRJ Enterprises are listed below. Calculate the debt service coverage ratio. Present your answer rounded to two decimal places. e.g. 20.00. Sales Cost of goods sold Cash operating expenses Depreciation and amortization expense Interest expense Tax expense $13,400 $8,168 $1,859 $200 $143 $298

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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QUESTION 9 Selected financial statement data for KRJ Enterprises are listed below. Calculate the debt service coverage ratio. Present your answer rounded to two decimal places. e.g. 20.00. Sales Cost of goods sold Cash operating expenses Depreciation and amortization expense Interest expense Tax expense Footnotes report that $133 of lease expenses are included in cash operating expenses, $56 of interest expenditures were capitalized during the year, and $261 of debt was repaid during the year. $13,400 $8,168 $1,859 $200 $143 $298 QUESTION 10 Selected financial statement data (in $ thousands) for KRJ Enterprises are listed below, calculate the interest coverage ratio. Present your answer rounded to two decimal places. e.g. 20.00. Sales Cost of goods sold Cash operating expenses Depreciation expense Interest expense Tax expense $11,660 $6,809 $1,810 $444 $149 $189 Footnotes report that $297 of lease expenses are included in cash operating expenses, $27 of interest expenditures were capitalized during the year, and $590 of debt was repaid during the year.
Transcribed Image Text:QUESTION 9 Selected financial statement data for KRJ Enterprises are listed below. Calculate the debt service coverage ratio. Present your answer rounded to two decimal places. e.g. 20.00. Sales Cost of goods sold Cash operating expenses Depreciation and amortization expense Interest expense Tax expense Footnotes report that $133 of lease expenses are included in cash operating expenses, $56 of interest expenditures were capitalized during the year, and $261 of debt was repaid during the year. $13,400 $8,168 $1,859 $200 $143 $298 QUESTION 10 Selected financial statement data (in $ thousands) for KRJ Enterprises are listed below, calculate the interest coverage ratio. Present your answer rounded to two decimal places. e.g. 20.00. Sales Cost of goods sold Cash operating expenses Depreciation expense Interest expense Tax expense $11,660 $6,809 $1,810 $444 $149 $189 Footnotes report that $297 of lease expenses are included in cash operating expenses, $27 of interest expenditures were capitalized during the year, and $590 of debt was repaid during the year.
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