Question: Question 16 5 pts Given the information below, calculate the EBIT coverage ratio for the firm. Key financial information: Total sales 186.7 Accounts payable 29.2

 Question 16 5 pts Given the information below, calculate the EBIT

Question 16 5 pts Given the information below, calculate the EBIT coverage ratio for the firm. Key financial information: Total sales 186.7 Accounts payable 29.2 Cost of sales 153.4 Notes payable/short-term debt 13.2 Gross Profit 33.3 1.2 Current maturities of long-term debt Other current liabilities Selling, general, and administrative expenses 13.5 2.0 8.2 Research and development Depreciation and amortization Operating Income 1.2 Long-term debt 14.4 10.4 Deferred taxes 7.6 Interest income (expense) 2.3 8.1 Pretax Income 67.6 Total Liabilities Taxes 2.0 110.2 Stockholders' Equity 6.1 Net Income BIVA - A - I E II 1 x x 5 = 2 VX GT 12pt Paragraph y 4.52

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