16. With the data that follows, EBITDA is Income Statement Sales $ 6,000,000 Variable cost $ 3,995,000 Fixed cost $ 1.000.000 EBIT $ 1,005,000 Interest $ 115.000 EBT $ 890,000 - $ 267.000 Dracae Taxes (30%) Net Income $ 623.000 17. In the previous income statement, EBIT is greater than EBITDA. DOO a) correct b) Incorrect 18. With the calculation of EBITDA we can determine ability to pay at a.short term. b) long term. c) a and b are correct. d) to only. e) none of the above. 19. Assuming the financial data in Problem 16, if the current portion of the long-term debt were $ 265,000 and the payment for a new 12-month loan were $ 100,000, the coverage ratio would be a) 2.35: 1.00 b) 2.45: 1:00 c) 2.57: 1:00 d) 2.75: 1:00 20. With the data that follows, the Operating Cash Flow is Income Statement Sales $ 6,000,000 Cash Variable cost $ 3,995,000 Cash Fixed cost $ 1,000,000 Depreciation $ 150,000 EBIT (NOI) $ 855,000 Interest - $ 115,000 EBT $ 740,000 Taxes (30%) - $ 148,000 Net Income $ 592,000 21. Assuming the financial data for problem 20, if the current portion of the long-term debt were $ 265,000 and the payment for a new 12-month loan were $ 100,000, the coverage ratio would be a) 1.35: 1.00 b) 1.45: 1:00 c) 1.62: 1:00 d) 1.75: 1:00 35. There is no difference between a corporate bond and a commercial loan, since both are recognized as debt. a) correct b) Incorrect 36. Residential and commercial mortgage loans are similar in the following characteristics a) interest rate b) term c) discount points d) interest rate and discount points. e) interest rate and term