A firm has operating profit of 210000 after deducting lease, Accounting Basics

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A firm has operating profit of 210000 after deducting lease

Question-

A firm has operating profit of $210,000 after deducting lease payments of $30,000. Interest expense is $50,000. What is the firm's fixed charge coverage?

a). 6.00x

b). 2.33x

c). 2.00x

d). 3.00x

Additional Requirement-

The question relates to Accounting and it discusses about computation of a firm's fixed charge coverage.

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Accounting Basics: A firm has operating profit of 210000 after deducting lease

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Accounting Basics: A firm has operating profit of 210000 after deducting lease

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