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Herman's Bar and Grill Paid $1,618 in Interest and $265

Question 194

Multiple Choice

Herman's Bar and Grill paid $1,618 in interest and $265 in dividends last year. The times interest earned ratio is 1.9 and the depreciation expense is $50. What is the value of the cash coverage ratio?


A) 1.62
B) 1.87
C) 1.93
D) 1.99
E) 2.11

Correct Answer:

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