Question
Delectable Parsnip, Inc.s, net income for the most recent year was $9,412. The tax rate was 35 percent. The firm paid $3,862 in total interest
Delectable Parsnip, Inc.s, net income for the most recent year was $9,412. The tax rate was 35 percent. The firm paid $3,862 in total interest expense and deducted $5,123 in depreciation expense. What was the companys taxable income for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Taxable income $ What was the companys EBIT for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) EBIT $ What was the companys cash coverage ratio for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Cash coverage ratio times
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