Multiple Choice
The Docksider has net income for the most recent year of $24,650 and a combined tax rate of 24 percent. The firm paid $1,800 in total interest expense and deducted $2,900 in depreciation expense. What was the cash coverage ratio for the year?
A) 20.48 times
B) 11.48 times
C) 19.39 times
D) 20.63 times
E) 13.69 times
Correct Answer:
Verified
Correct Answer:
Verified
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