Chutes & Co. has interest expense of $1.03 million and an operating margin of 10.7% on total

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Chutes & Co. has interest expense of $1.03 million and an operating margin of 10.7%

on total sales of $30 million. What is Chutes’ interest coverage ratio?

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Fundamentals Of Corporate Finance

ISBN: 9781292437156

5th Global Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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Question Posted: Feb 27, 2024 03:07 AM

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Chutes & Co. has interest expense of $1 million and an operating margin of 10% on total sales of $30 million. What is Chutes interest coverage ratio?
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Chutes & Co. has interest expense of $1.03 million and an operating margin of 10.7% on total

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Fundamentals Of Corporate Finance

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