Delectable Parsnip, Inc.s

Problem 3-31 Calculating the Cash Coverage Ratio (LO 2 Delectable Parsnip, Inc:'s, net income for the most rocent year was $9,912. The tax rate was 30 percent The fim paid $3,737 In toal Interest expense and deducted $5.373 in depreciation expense. What was the company's cash coversge ratio for the year? (De not round i Cash coverage ratio calculations and round your answer to 2 decimal places. o.g-32.16) imes References Book & Resources Worksheet the Leaming Oojective:03-02 Compte Problem 31 Calculating Cash Coverage Ratio [L.O 2 more important, inerpret sone common