-The Above Information Is Available for the Firm ILA Ltd,which

question 38

Multiple Choice

$\begin{array}{|l|l|}\hline \text { Item } & \text { Value as at 2010, in millions } \\\hline \text { Sales revenue } & 8.902 \\\hline \text { Operating revenue } & 9.360 \\\hline \text { Trading profit before interest and tax } & 5.360 \\\hline \text { Operating profit before interest and taxes } & 3.118 \\\hline \text { Interest expense } & 1.361 \\\hline \text { Operating profit after tax } & 0.360 \\\hline\end{array}$
-The above information is available for the firm ILA Ltd,which is listed on the Australian Stock Exchange.As a prospective investor in ILA,you are concerned about the level of debt the company has on issue.How far can the earnings of ILA fall before it will be unable to meets its debt obligations?

• A) \( 0.436 \)
• B) \( 0.480 \)
• C) \( 0.564 \)
• D) \( 0.602 \)

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Definitions:

American-Indian-Controlled School

Educational institutions that are governed and managed primarily by members of Native American communities, focusing on the preservation and teaching of indigenous knowledge and culture.

Navajo Reservation

A territory established for the Navajo Nation, which is the largest land area retained by an indigenous tribe in the United States.

NAACP

The National Association for the Advancement of Colored People, a civil rights organization founded in 1909 to fight for racial equality in the United States.

School Segregation

The practice of keeping children in separate schools based on race, leading to unequal educational opportunities.