Multiple Choice
Illusion Inc.'s operating income for the year was $78,000. The interest expense was $11,400 and the income tax expense was $6,000. Illusion Inc.'s interest coverage ratio for the year is: (Round your final answer to two decimal places.)
A) 13.00.
B) 4.48.
C) 6.84.
D) 0.15.
Correct Answer:
Verified
Correct Answer:
Verified
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