During the current year, Sevcik Company had pretax income from continuing operations of $19,200, which included interest
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During the current year, Sevcik Company had pretax income from continuing operations of $19,200, which included interest expense of $4,000. At the end of the year, Sevcik Company had total assets of $119,000 and total liabilities of $41,700. Compute the debt ratio and interest coverage ratio of Sevcik Company for the current year.
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Related Book For
Intermediate Accounting
ISBN: 978-0324659139
11th edition
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
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