medium · Financial Accounting financial-statement-analysis-ratios

Highland Foods reports EBIT of $70,000 and Lease Expense of $10,000.

If Interest Expense is $15,000, what is the Fixed Charge Coverage (FCC) ratio?

  1. 5.33x
  2. 3.20x
  3. 4.67x
  4. 2.80x

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