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What is the overall interest coverage

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Question - The long-term debt section of the balance sheet of the Queen Anne's Lace Corporation appears as follows: 91/4% mortgage bonds $2,500,000 123/8% second mortgage bonds 1,500,000 101/4% debentures 1,000,000 141/2% subordinated debentures 1,000,000 $6,000,000.

If the average earnings before interest and taxes of the company is $1.5 million and all debt is long term, what is the overall interest coverage?

Reference no: EM132944037

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