8. Monday has sales of $500,000, cost of goods sold of $270,000, depreciation of $50,000 and selling and general costs of $30,000. The firm has a loan balance of $1,000,000 with an interest rate of 9%. What is the value of the cash coverage ratio? a. 0.67 b. 1.67 c. 2.22 d. 2.56 e. Other