You have just completed a cash flow for a customer that shows the following results: Form 1040,
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Question:
You have just completed a cash flow for a customer that shows the following results:
Form 1040, Individual tax return | $20,300 |
Schedule A, Itemized deductions | (9,500) |
Schedule B, Interest & dividends | 3,000 |
Schedule D, Capital gains | 2,000 |
Schedule E, Operating income | 6,750 |
Schedule K-1, Partnership | (1,250) |
Schedule A, Consumer debt service | (500) |
Schedule E, Rental property debt service | (7,000) |
What is the customer’s personal debt service coverage ratio?
A. 2.84x
B. 2.74x
C. 2.34x
D. 1.84x
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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