Buplnets Tra Roturn Exactrat

Answer the questions below based on the Income statement portion of the tax return shown here. Feel free to add any comments below each quartion to support your answer.

True or Fatie. This company tikely selly a product rather than slingly cifleine a service.

True or False. A review of thls company$/$s balance sheet likely would reveal no debts. $-$

True or False. This cempary owns more than $$50,000$ In fred astets.

True or False. All of thls company$/$s income and cash flow is generated frem las core activity.

Aseuming the company has annual debt peyments of $$925,000,$ what was las debt envese coverege ratlo $(08$cen$)$ for this year based on the Information provided?