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Rosita's Resources Paid $11,310 in Interest and $16,500 in Dividends

Question 11

Multiple Choice

Rosita's Resources paid $11,310 in interest and $16,500 in dividends last year.The times interest earned ratio is 2.9,the depreciation expense is $7,900,and the tax rate is 21 percent.What is the value of the cash coverage ratio?


A) 3.71
B) 2.58
C) 3.60
D) 2.78
E) 3.10

Correct Answer:

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