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Delectable Parsnip, Inc.'s, net income for the most recent year was $15,977. The tax rate was 25 percent. The firm paid $5,052 in total interest
Delectable Parsnip, Inc.'s, net income for the most recent year was $15,977. The tax rate was 25 percent. The firm paid $5,052 in total interest expense and deducted $5,485 in depreciation expense. What was the company's 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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