Multiple Choice
A firm has EBIT of $300,000 and depreciation expense of $12,000. Fixed charges total $44,000. Interest expense totals $7,000. What is the firm's cash coverage ratio?
A) 3.76 times
B) 4.91 times
C) 7.25 times
D) 7.09 times
Correct Answer:
Verified
Correct Answer:
Verified
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