A Firm Has Operating Profit of $200,000 After Deducting Lease

question 38

Multiple Choice

A firm has operating profit of $200,000 after deducting lease payments of $40,000.Interest expense is $60,000.What is the firm's fixed charge coverage?

• A) 5.00x
• B) 4.00x
• C) 3.33x
• D) 2.40x

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