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Highland Lumber has depreciation of $138,400, interest expense of $15,600, an EBIT of $93,900, and Net Income of $46,000. What is the cash coverage ratio
Highland Lumber has depreciation of $138,400, interest expense of $15,600, an EBIT of $93,900, and Net Income of $46,000. What is the cash coverage ratio? Is it more or less safe than a company that has a cash coverage ratio of 12.3?
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11.06 times, less safe
6.02 times, less safe
6.02 times, more safe
14.89 times, less safe
14.89 times, more safe
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