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Highland Lumber Has Net Sales of $642,100,depreciation of $138,400,interest Expense

Question 57

Multiple Choice

Highland Lumber has net sales of $642,100,depreciation of $138,400,interest expense of $15,600,cost of goods sold of $409,800,and taxes of $16,400.What is the cash coverage ratio?


A) 11.06
B) 6.02
C) 13.79
D) 14.89
E) 8.78

Correct Answer:

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