Multiple Choice
Vaun's Pet Store paid $16,950 in interest and $21,300 in dividends last year.The times interest earned ratio is 3.8 and the depreciation expense is $84,200.What is the value of the cash coverage ratio?
A) 4.81 times
B) 6.22 times
C) 7.75 times
D) 8.77 times
E) 8.20 times
Correct Answer:
Verified
Correct Answer:
Verified
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