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Daly Company has the following information for 2008. Cost of goods sold $88 million Dividend per share $0.20 Earnings before interest and taxes $13 million

Daly Company has the following information for 2008.

Cost of goods sold

$88 million

Dividend per share

$0.20

Earnings before interest and taxes

$13 million

Income tax rate

35%

Interest expense (at average interest rate 10%)

$1 million

Inventory turnover ratio

5

No of shares

5 million

Price per share

$13

Weighted average cost of capital

12%

Find its Earnings per share and Interest coverage ratio

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