It reported in a footnote that it also had capitalized, Financial Management

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It reported in a footnote that it also had capitalized

Driver Enterprises reports 2015 earnings before interest and taxes (EBIT) of $890,664 and interest expense of $76,237. Included in its reported operating expenses for 2015 were operating lease expenses of $164,666. It reported in a footnote that it also had capitalized interest of $7,850. Calculate the interest coverage ratio. Present your answer rounded to two decimal places, e.g., 20.00.

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Financial Management: It reported in a footnote that it also had capitalized

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