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Terry's Pets Paid $2,380 in Interest and $2,200 in Dividends

Question 41

Multiple Choice

Terry's Pets paid $2,380 in interest and $2,200 in dividends last year. The times interest earned ratio is 2.6 and the depreciation expense is $680. What is the value of the cash coverage ratio?


A) 1.42
B) 2.72
C) 2.94
D) 2.89
E) 2.46

Correct Answer:

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