Question
7.KLM Inc. depreciates assets using straight line depreciation. Total depreciation is $2,106 on total assets of $93,840 for last year. Total Asset Turnover ratio is
7.KLM Inc. depreciates assets using straight line depreciation. Total depreciation is $2,106 on total assets of $93,840 for last year. Total Asset Turnover ratio is 0.94 Times. EBIT (earnings before interest and taxes) is 19% of sales. Interest charge is $$1,214. Calculate the "Cash Coverage Ratio"
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
