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Given the following information, calculate the debt coverage ratio for this investment potential gross income : $120,000 vacancy rate: 9%; net operating income : $60,000
Given the following information, calculate the debt coverage ratio for this investment potential gross income : $120,000 vacancy rate: 9%; net operating income : $60,000 operating expenses: $51,300 acquisition Price : $520,000 debt service : $40,000 .
the answer is 1.5 but how do I get that.
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