Assume a companys income statefor year 9 is as follows: Year 9
Income Statement Data in 000s
Total Revenues $650,000
Cost of Goods Sold 380,000
Delivery Costs 45,000
Marketing Costs 53,000
Administrative Expenses 11,000
Operating Profit (Loss) 161,000
Other Income (Expense) 2,600
Interest Income (Expense) 10,800
Pre-tax Profit (Loss) 147,600
Income Taxes 44,280
Net Profit (Loss) $103,320
Based on the above income statement data the companys interestcoverate ratio is:.
a. 14.91 and 20.2%.
b. 13.67 and 15.9%.
c. 16.71 and 23.3%.
d. 17.22 and 24.6%.
e. 19.29 and 21.4%.