Multiple Choice
Calculate the times interest earned ratio given the following information: depreciation expense = $6,000; EBIT = $90,000; cash coverage ratio = 8 times.
A) 8.0 times
B) 7.5 times
C) 7.0 times
D) 6.5 times
E) 6.0 times
Correct Answer:
Verified
Correct Answer:
Verified
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