Question: A company had the following selected data for two consecutive years of operation. Total assets Total liabilities Interest expense Income tax expense Profit Year

A company had the following selected data for two consecutive years of operation. Total assets Total 

A company had the following selected data for two consecutive years of operation. Total assets Total liabilities Interest expense Income tax expense Profit Year 2 $15,000,000 7,800,000 450,000 900,000 2,250,000 Save for Later Year 1 $12,000,000 6,000,000 300,000 790,000 1,850,000 Based on this data it can be determined that the company's interest coverage ratio [Choose your answer here] from Year 1 to Year 2. Submit Answer

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