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16. A firm has operating profit of $200,000 after deducting lease payments of $40,000. Interest expense is $60,000. What is the firm’s fixed charge coverage? A. 5.00x B. 4.00x C. 3.33x D. 2.40x Please provide steps on how you got the answer.

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16. A firm has operating profit of $200,000 after deducting lease payments of $40,000. Interest expense is

$60,000. What is the firm’s fixed charge coverage? 

A. 5.00x

B. 4.00x                                                         

C. 3.33x

D. 2.40x

Please provide steps on how you got the answer.

 
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