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Given that net profit is R2 100, profit before interest and tax is R2 800, revenue is R16 000, assets are R16 000 (of which
Given that net profit is R2 100, profit before interest and tax is R2 800, revenue is R16 000, assets are R16 000 (of which R6 000 are current assets), current liabilities are R2 000, purchases are R10 000, and interest is R700, what is the firms interest cover?
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Finance for Executives Managing for Value Creation
Authors: Gabriel Hawawini, Claude Viallet
4th edition
