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What would be the fixed charge coverage ratio

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Reference no: EM132647313

The Simmons Corporation's income statement is given below.

SIMMONS CORPORATION

Sales $260,000

Cost of goods sold 198,000

Gross profit 62,000

Fixed charges (other than interest) 27,000

Income before interest and taxes 35,000

Interest 12,400

Income before taxes 22,600

Taxes 7,910

Income after taxes $14,690

Problem 1: What would be the fixed charge coverage ratio?

Reference no: EM132647313

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