Answered>Order 3819

assume a company’s income statement for year 2012 is as follows:

net revenues from footwear sales        330,000

cost of pairs sold                                      240,000

warehouse expenses                               15,000

marketing  expenses                                35,000

administrative  expenses                       8,000

operating profit(LOSS)                              32,000

interest income(expenses)                        10,000

pre-tax profit(loss)                                        22,000

income taxes                                                 6,600 

net profit (loss)                                               15400

based on the above income statement data(assume interest income is zero). the company’s interest coverage ratio is