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What is the interests coverage ratio

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Reference no: EM132545406

Solve the following short case

Question 1: Firestone company has EBIT of $10,350 and NI of $2,528.50. The tax rate is 35%. What is the Interests coverage ratio? Provide the suitable example.

Reference no: EM132545406

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What is the interests coverage ratio : Firestone company has EBIT of $10,350 and NI of $2,528.50. The tax rate is 35%. What is the Interests coverage ratio? Provide the suitable example.
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