Multiple Choice
Blue Water Cafe has $28,700 in total assets,depreciation of $3,100,and interest of $1,400.The total asset turnover rate is 1.2.Earnings before interest and taxes are equal to 28 percent of sales.What is the cash coverage ratio?
A) 6.33
B) 7.51
C) 9.10
D) 10.23
E) 10.98
Correct Answer:
Verified
Correct Answer:
Verified
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