Question: Selected financial statement data for KRJ Enterprises are listed below. Calculate the debt service coverage ratio. Present your answer rounded to two 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 two decimal places. e.g. 20.00.

Sales $12,866

Cost of goods sold 9,015

Cash operating expenses 1,969

Depreciation and amortization expense 327

Interest expense 171

Tax expense 232

Footnotes report that $165 of lease expenses are included in cash operating expenses, $21 of interest expenditures were capitalized during the year, and $296 of debt was repaid during the year.

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