Question
After the third year of operations, a firm has an annual NOI of $575,000 with outstanding debt of: 6.6%, 10-year loan of $3,000,000 paid quarterly
After the third year of operations, a firm has an annual NOI of $575,000 with outstanding debt of: 6.6%, 10-year loan of $3,000,000 paid quarterly 5.0%, 15-year loan of $2,500,000 paid monthly. What is this year debt coverage ratio?
1.51
1.86
1.82
1.24
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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
978-0071051507
