4/7 Lever Age pays 10% rate of interest on $9.30 million of outstanding debt with face value $9.3 million. the firm's EBIT was $2.7 million.
4/7
Lever Age pays 10% rate of interest on $9.30 million of outstanding debt with face value $9.3 million. the firm's EBIT was $2.7 million.
a. What is its times interest earned?
b. If depreciation is $130,000, what is its cash coverage ratio?
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Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
3rd Edition
0471375942, 978-0471375944
