A hospitality business owner pays $50,000 per year in interest on loans to her business. The annual
Question:
A hospitality business owner pays $50,000 per year in interest on loans to her business. The annual net operating income from her business is $220,000. What is this owner’s debt coverage ratio?
a. 4.4 times
b. 4.0 times
c. 2.4 times
d. 2.0 times
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Ali Khawaja
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Related Book For 
Managerial Accounting for the Hospitality Industry
ISBN: 978-1119386223
2nd edition
Authors: Lea R. Dopson, David K. Hayes
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