Calculate the interest coverage ratio

Assignment Help Financial Management

Reference no: EM131905842

Driver Enterprises reports 2015 earnings before interest and taxes (EBIT) of $890,664 and interest expense of $76,237. Included in its reported operating expenses for 2015 were operating lease expenses of $164,666. It reported in a footnote that it also had capitalized interest of $7,850. Calculate the interest coverage ratio. Present your answer rounded to two decimal places, e.g., 20.00.

Reference no: EM131905842

Questions Cloud

Describe the demographics of the population : Describe the demographics of the population covered by Medicare and identify the number of people in the U.S. covered by Medicare.

Discuss the constitutional right in the bill of rights : What is the exclusionary rule? Does it apply only to violations of Fourth Amendment rights or also to violations of any constitutional right.

Assess the appropriateness of alibabas strategy : Distinguish among the organizational structures used to implement the three-alternative international corporate strategies.

What is the silver platter doctrine : Is the exclusionary rule a constitutional or a judge made rule? Can it be modified by the U.S. Congress through legislation?

Calculate the interest coverage ratio : It reported in a footnote that it also had capitalized interest of $7,850. Calculate the interest coverage ratio.

Explain the exclusionary rule in brief : "The exclusionary rule does not apply if the police seize evidence illegally but in good faith." Is this statement true or false? Explain your answer.

What is inevitable discovery exception to exclusionary rule : What is the inevitable discovery exception to the exclusionary rule? Give an illustration. What is the purged taint exception to the exclusionary rule?

What is admissible in court : Officer P searched the house of Citizen Q based on a warrant. He found five pounds of cocaine. P then asked Q if there were other drugs in his residence.

Will you admit or exclude the drugs seized : Officer X was sent by a radio dispatcher to Apartment B in a dilapidated building at 44 Magnolia Avenue because the dispatcher received an urgent 911 call.

User Account

All Pages