The Interest Coverage Ratio Is Expressed as a Percentage

question 156

True/False

The interest coverage ratio is expressed as a percentage.

---

Definitions:

Expenses

The outflow of money or other resources incurred in the process of generating revenue.

Account

A record used to keep track of and summarize financial transactions within a specific category, such as sales, expenses, or assets.

Accounting Record

Documentation and entries that capture financial transactions and positions within an entity.

Specific Item

Refers to a unique or distinctly identified item within an inventory or accounting context.