Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 30, 2024

Blue Water Cafe has $33,500 in total assets, depreciation of $3,580, and interest of $1,640. The total asset turnover rate is 0.8. Earnings before interest

Blue Water Cafe has $33,500 in total assets, depreciation of $3,580, and interest of $1,640. The total asset turnover rate is 0.8. Earnings before interest and taxes are equal to 22 percent of sales. What is the cash coverage ratio?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ISE Real Estate Finance And Investments

Authors: Jeffrey Fisher William B. Brueggeman

17th International Edition

1264892888, 9781264892884

More Books

Students also viewed these Finance questions

Question

★★★★★

Construct three different value driver trees for a company, using different branches.

Answered: 1 week ago

Question

★★★★★

A bus company provides shuttle bus services for a university from 6 a.m. to 8 p.m. Each passenger pays $1 for a ride. The company decides to adjust the fee based on variations in the numbers of...

Answered: 1 week ago

Question

★★★★★

6.67 Drill Bits It is estimated that the mean life span of oil-drilling bits is 75 hours. Suppose an oil explora- tion company purchases drill bits that have a life span that is approximately...

Answered: 1 week ago

Question

★★★★★

Sweet Stores, Inc., sells electronics and appliances. The excerpts that follow are adapted from Sweet Stores' financial statements for 2016 and 2015? Requirements 1. How much was Sweet Stores' cost...

Answered: 1 week ago

Question

★★★★★

Which of the following action will prvent the mini toobar from displaying when text is selescted Selection the auto hid ribbon option on the ribbon display options drop down menu Deselection the show...

Answered: 1 week ago

Question

★★★★★

You are the owner of a company, called AltGen, that produces and markets alternators and generators in the North American market. Your company has recently received a large order from a preferred...

Answered: 1 week ago

Question

★★★★★

Express the following comparative Income statements in common-size percents. Using the common-size percents, which item is most responsible for the decline in net Income? Complete this question by...

Answered: 1 week ago

Question

★★★★★

A clean and previously sieved 500 g [1.1 lb] sample of corn stover was placed in a tumbling box to determine the durability. After the 10 minute tumbling, the pellets were removed from the box,...

Answered: 1 week ago

Question

★★★★★

Chandler Company sells its product for $103 per unit. Variable manufacturing costs per unit are $44, and fixed manufacturing costs at the normal operating level of 12,000 units are $240,000. Variable...

Answered: 1 week ago

Question

★★★★★

What type of Routing are you using on your Home Network? Can you determine if your "Outside" connection (the one from your Internet Provider" is static or dynamic?

Answered: 1 week ago

Question

★★★★★

You have been offered a promotion which involves moving from the Santa Monica headquarters to Kansas, of all places, to open a satellite branch. This could be a high-profile opportunity, because the...

Answered: 1 week ago

Question

★★★★★

Is it important to evaluate a creative idea before it becomes an innovation?

Answered: 1 week ago

Question

★★★★★

Identity the types of problem team members you have encountered. Did the team leader effectively handle these problem members? How could the leader have done a better job of managing these members?

Answered: 1 week ago

Question

★★★★★

Team development stages state that most people coming to a new group are enthusiastic, but that with time they lose some of their morale. What types of things happen in most groups to cause this...

Answered: 1 week ago

Previous Question Next Question