FVA Inc.s net income for the most recent year was $17,590. The tax rate was 34 percent.

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FVA Inc.’s net income for the most recent year was $17,590. The tax rate was 34 percent. The firm paid $4,150 in total interest expense and deducted $5,820 in depreciation expense. What was FVA’s cash coverage ratio for the year?
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Corporate Finance Core Principles and Applications

ISBN: 978-0077905200

3rd edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford

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