Question: Calculating the Cash Coverage Ratio Kat Inc.s net income for the most recent year was $10,157. The tax rate was 34 percent. The firm paid

Calculating the Cash Coverage Ratio Kat Inc.’s net income for the most recent year was $10,157. The tax rate was 34 percent. The firm paid $3,405 in total interest expense and deducted $2,186 in depreciation expense. What was the cash coverage ratio for the year?

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