Multiple Choice
Calculate cash coverage ratio given the following information: depreciation expense = $30,000; EBIT = $480,000; times interest earned = 12 times.
A) 12.25 times
B) 12.50 times
C) 12.75 times
D) 13.00 times
E) 13.25 times
Correct Answer:
Verified
Correct Answer:
Verified
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