Hypothetical Industries Ltd (HIL) has submitted the following projections. (lakh) You are required to determine yearly debt
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Hypothetical Industries Ltd (HIL) has submitted the following projections. (₹lakh) You are required to determine yearly debt service coverage ratio (DSCR) and the average DSCR and comment.
The net profit (EAT) has been arrived at after charging depreciation of ₹20 lakh every year.
Transcribed Image Text:
Year 12345678 EAT 20 35 40 20 18 18 16 16 Interest on loan 19 17 15 12 10 7 52 Repayment of term loan 11 18 18 18 18 8 8 00 00 8
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Determination Year EAT Depreciation 1 1 2 2345 5 6 7 8 2 20 35 40 20 18 of Debt Service Cov...View the full answer
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Management Accounting Text Problems And Cases
ISBN: 9781259026683
6th Edition
Authors: M Y Khan, P K Jain
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