MENU
At 31 October 20X1 RS has in issue 10% debentures 20X8 with a carrying value of $350,000.
Extracts from its statement of profit or loss for the year ending 31 October 20X7 are as follows:
What is the interest cover for RS for the ended 31 October 20X7?
Suggested Answer: A
Get Premium CIMAPRA19-F02-1 Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
7 comments · newest first
JO
Johnetta
12 months ago
Yeah, 10.0 times seems right to me!
WE
Wenona
1 year ago
Wait, how can it be that high? Sounds off.
BI
Billye
1 year ago
I think it might be 11.1 times, though.
DO
Dorathy
1 year ago
I'm pretty sure it's 10.0 times.
EU
Eugene
1 year ago
Interest cover is calculated as EBIT divided by interest expense.
JA
Jamika
1 year ago
I'm pretty sure the SCD Type 2 Loader transformation is used to find row matches based on the business key, so I'll go with option A.
DI
Dierdre
1 year ago
I think I know how to handle this. I'll apply the techniques we've been practicing and see if I can come up with a solid solution.