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A Kingston fiRm Has Sales of $49,800, Costs of $36,100

Question 320

Multiple Choice

A Kingston firm has sales of $49,800, costs of $36,100, interest paid of $380, and depreciation of $3,200. The tax rate is 35 %. What is the value of the cash coverage ratio?


A) 25.73
B) 30.00
C) 32.11
D) 36.05
E) 41.08

Correct Answer:

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