The interest coverage ratio equals
A) income before income taxes minus interest expense divided by income before income taxes.
B) income before income taxes minus interest expense divided by interest expense.
C) income before income taxes plus interest expense divided by interest expense.
D) income before income taxes plus interest expense divided by total assets.
C
You might also like to view...
Like shareholders, directors of a corporation are allowed to vote by proxy
Indicate whether the statement is true or false
Which of the following statements about the coverage for other structures (Coverage B) under the Homeowners 3 policy is true?
A) The coverage applies to a detached garage or tool shed on the residence premises. B) Structures attached to the dwelling by a fence or utility line are considered to be part of the dwelling rather than other structures. C) Coverage applies even if the other structure is used for business purposes. D) There is no coverage for a private garage if it is rented to a tenant of the dwelling.