Multiple Choice
JK Motors has sales of $96,400, costs of $53,800, interest paid of $2,800, and depreciation of $7,100. The tax rate is 21 percent. What is the value of the cash coverage ratio?
A) 15.21
B) 12.14
C) 17.27
D) 23.41
E) 12.68
Correct Answer:
Verified
Correct Answer:
Verified
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