Exhibit 5-2
The following is an income statement from the financial records of Peace, Love and Joy Company for the year ended December 31, 2015: 
-Refer to Exhibit 5-2. Compute earnings-based interest coverage for Peace, Love, and Joy Company.
A) 5.72 times
B) 16.88 times
C) 6.72 times
D) 6.08 times
Correct Answer:
Verified
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Q92: Exhibit 5-2
The following is an income statement
Q93: Exhibit 5-2
The following is an income statement
Q94: In a statement of cash flows, which
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