Use the Table for the Question(s)below

question 62

Multiple Choice

Use the table for the question(s) below.
Consider the following income statement and other information:
Luther Corporation
Consolidated Income Statement
Year ended December 31 (in $ millions)
-Luther's EBIT coverage ratio for the year ending December 31,2019 is closest to:

• A)1.64.
• B)1.78.
• C)1.98.
• D)2.19.

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Definitions:

Account

A record or statement that reflects the financial transactions and their effect on an asset, liability, equity, revenue, or expense.

Regression Equation

A mathematical formula that describes the relationship between one dependent variable and one or more independent variables.

Y′

A symbol often representing a predicted value or derivative in mathematical equations or models.

Linear Regression

A statistical method for modeling the relationship between a dependent variable and one or more independent variables by fitting a linear equation to observed data.