Question: Selected financial statement data for KRJ Enterprises are listed below. Calculate the debt service coverage ratio. Present your answer rounded to 2 decimal places. e.g.
Selected financial statement data for KRJ Enterprises are listed below. Calculate the debt service coverage ratio. Present your answer rounded to 2 decimal places. e.g. 20.00
Sales $12,943
Cost of goods sold 8,629
Cash operating expenses 1,879
Depreciation and amortization expense 208
Interest expense 165
Tax expense 153
Footnotes report that $280 of lease expenses are included in cash operating expenses, $41 of interest expenditures were capitalized during the year, and $276 of debt was repaid during the year.
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