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Vaun's Pet Store Paid $24,300 in Interest and $32,000 in Dividends

Question 3

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:

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