Question: Compute the interest coverage ratios for 2011 and 2012 from the partial income statements of Rozmus Company that appear below. State whether the ratio improved

Compute the interest coverage ratios for 2011 and 2012 from the partial income statements of Rozmus Company that appear below. State whether the ratio improved or worsened over time.

Income from operations Interest expense Income before income taxes Income taxes Net income 2012 2011 $11,945S9,230 2,900 1,650 S 9,045 7,580 2,225 S 6,345 $5,355 2,700

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