Question
Foust Electronics paid $24,300 in interest and $32,000 in dividends last year. The times interest earned ratio is 4.1, and the depreciation expense is $126,200.
Foust Electronics paid $24,300 in interest and $32,000 in dividends last year. The times interest earned ratio is 4.1, and the depreciation expense is $126,200. What is the value of the cash coverage ratio?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
