Homework Answers
1.Net Loss before tax=$-450
2.Net loss ratio= Net loss/ Net sales*100
=$ -450/ $22150*100=-2.03%
3.Interest Coverage ratio= EBIT/ Interest
EBIT= Net profit afer tax+ tax paid+ Interest paid- Interest received=
= -$450+$0+$370-$200=$ -280
=Interest coverage ratio=-280/200=-1.4
4.Company is running into losses. It is due to increased burden of operating and non operating expenses. Sales must be improves and effective measures to control the operating and non operating cost must be undertaken.
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