Skylar's Bed and Breakfast Has $126,500 in Total Assets, Depreciation

Multiple Choice

Skylar's Bed and Breakfast has $126,500 in total assets, depreciation of 3,500, and interest of $1,850.The total asset turnover rate is 1.02.Earnings before interest and taxes are equal to 24 percent of sales.What is the cash coverage ratio?

A) 9.37
B) 16.74
C) 18.63
D) 20.72
E) 22.82