Multiple Choice
A small local company has net income of $200, interest expenses of $50, and depreciation of $51. The corporate tax rate is 50%. What is the cash coverage ratio?
A) 1.2 times
B) 1.8 times
C) 3.0 times
D) 9.0 times
E) 10.0 times
Correct Answer:
Verified
Correct Answer:
Verified
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