Hedgepeth Inc.s net income for the most recent year was $15,185. The tax rate was 34 percent.
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Hedgepeth Inc.’s net income for the most recent year was $15,185. The tax rate was 34 percent. The firm paid $3,806 in total interest expense and deducted $2,485 in depreciation expense. What was the cash coverage ratio for the year?
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Related Book For
Fundamentals of corporate finance
ISBN: 978-0078034633
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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