Multiple Choice
A firm has sales of $215,600,costs of $124,800,interest paid of $3,600,and depreciation of $11,400.The tax rate is 34 percent.What is the value of the cash coverage ratio?
A) 24.22 times
B) 17.06 times
C) 21.06 times
D) 25.22 times
E) 16.47 times
Correct Answer:
Verified
Correct Answer:
Verified
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