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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Interest Coverage Ratio
e18A. Business appliCation ▶ Compute the interest coverage ratios for 2013 and 2014 from Dasbol Corporation’s partial income statements that follow. (Round to one decimal place.) State whether the ratio improved or worsened over time.
2014Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 2013
Â
Â
|
Income from operations |
$47,780 |
 |
$36,920 |
|
Interest expense |
11,600 |
 |
6,600 |
|
Income before income taxes |
$36,180 |
 |
$30,320 |
|
Income taxes |
10,800 |
 |
9,000 |
|
Net income |
$25,380 |
 |
$21,320 |
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