Harvey Corp has

$9mi

in total assets,

$1mi

in depreciation and amortization expenses. The firm's basic earning power ratio is

9%

and its times interest earned ratio is 3 . It has

$600,000

in lease payments and

$300,000

must go towards principal payments on outstanding loans and I-t debt. Calculate Harvey's EBITDA coverage ratio.

Harvey Corp has $9mi in total assets, $1mi in depreciation and amortization expenses. The firm's basic earning power ratio is 9% and its times interest earned ratio is 3 . It has $600,000 in lease payments and $300,000 must go towards principal payments on outstanding loans and I-t debt. Calculate Harvey's EBITDA coverage ratio