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Delectable Parsnip, Inc.s, net income for the most recent year was $12,197. The tax rate was 25 percent. The firm paid $4,842 in total interest

Delectable Parsnip, Inc.s, net income for the most recent year was $12,197. The tax rate was 25 percent. The firm paid $4,842 in total interest expense and deducted $5,295 in depreciation expense. 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.)

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