Coverage ratios: Nimitz Rental Company had depreciation expenses of $108,905, interest expenses of $78,112, and an EBIT
Question:
Coverage ratios: Nimitz Rental Company had depreciation expenses of $108,905, interest expenses of $78,112, and an EBIT of
$1,254,338 for the last fiscal year. What are the times-interest-
earned and cash coverage ratios for this company?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781119795438
5th Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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