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Homework answers / question archive / Assess Rylan’s ability to meet its interest obligations by calculating interest coverage ratios using both EBIT and EBITDA

Assess Rylan’s ability to meet its interest obligations by calculating interest coverage ratios using both EBIT and EBITDA

Finance

Assess Rylan’s ability to meet its interest obligations by calculating interest coverage ratios using both EBIT and EBITDA.

                                Income Statement

 

2012     2011

Revenues

$500,000,000 $450,000,000

   Less: Cost of Goods Sold

$225,000,000 $200,000,000

Gross Profit

$275,000,000 $250,000,000

   Less: Operating Expenses

$150,000,000 $140,000,000

EBITDA

$125,000,000 $110,000,000

   Less: Depreciation

$25,000,000     $22,500,000

EBIT

   Less: Interest Expense

EBT

   Less: Taxes (40%)

$100,000,000

$87,500,000

$10,000,000

$9,000,000

$90,000,000

$78,500,000

$36,000,000

$31,400,000

Net Income $54,000,000      $47,100,000  

 

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