Multiple Choice
Vaun's Pet Store paid $24,300 in interest and $32,000 in dividends last year.The times interest earned ratio is 4.1,and the depreciation expense is $126,200.What is the value of the cash coverage ratio?
A) 8) 77 times
B) 5) 19 times
C) 7) 75 times
D) 9) 29 times
E) 8) 20 times
Correct Answer:
Verified
Correct Answer:
Verified
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