Question: Calculate the interest coverage ratio using the information below. Category 2022 ($) Accounts payable 800 Accounts receivable 950 Cash 300 COGS 650 Common stock 3,900

Calculate the interest coverage ratio using the information below.

Category 2022 ($)
Accounts payable 800
Accounts receivable 950
Cash 300
COGS 650
Common stock 3,900
Depreciation expense 40
Interest expense 90
Inventories 1,100
Long-term debt 1,700
Net fixed assets 7,150
Notes payable 400
General & Adm. expenses 110
Retained earnings 2,700
Revenue/Sales 1,200
Taxes 120

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