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2556 Dandy Co. had operating profit of $250,000. The company paid interest at a rate of 5% on $250,000 of debt and paid tax of
2556 
Dandy Co. had operating profit of $250,000. The company paid interest at a rate of 5% on $250,000 of debt and paid tax of $95,000. The company also paid a dividend of $100,000. The dividend cover ratio was 1.55X none of the options 1.5X 2.00X 2.50x Step by Step Solution
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Auditing IT Infrastructures For Compliance
Authors: Martin Weiss, Michael G. Solomon
2nd Edition
1284090701, 978-1284090703
