Multiple Choice
The Bike Shop paid $2,310 in interest and $1,850 in dividends last year. The times interest earned ratio is 2.2 and the depreciation expense is $460. What is the value of the cash coverage ratio?
A) 1.67
B) 1.80
C) 2.21
D) 2.40
E) 2.52
Correct Answer:
Verified
Correct Answer:
Verified
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