Given the income statement data (in $ thousands) for KRJ Enterprises listed below, calculate the fixed charge coverage ratio. Present your answer rounded to one decimal place, e.g., 7.8. Sales $923 Cost of goods sold $369 Cash operating expenses $111 Depreciation and amortization $62 Interest expense $75 Tax expense $109

Answer rating: 100% (QA)

To calculate the fixed charge coverage ratio we need to determine the earnings available to cover fi... View the full answer