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Vintage Boutique Reported Interest Expense of $5,500, Income Tax Expense

Question 12

Multiple Choice

Vintage Boutique reported Interest expense of $5,500, Income tax expense of $24,000 and Net income of $77,000. Vintage Boutique's interest coverage ratio is: (Round your final answer to two decimal places.)


A) 18.36
B) 0.07
C) 0.05
D) 19.36

Correct Answer:

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