Question
A firm has sales of $3,600, costs of $2,800, interest paid of $100, and depreciation of $400. The tax rate is 34%. What is the
A firm has sales of $3,600, costs of $2,800, interest paid of $100, and depreciation of $400. The tax rate is 34%. What is the value of the cash coverage ratio?
Must use this cash coverage ratio formula: (EBIT + depreciation) / interest
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Real Estate Finance
Authors: Sherry Shindler Price
1st Edition
0934772185, 9780934772181
