Homework 3 3 Delectable Parsnip, Inc.'s, net income for the most recent year was $14,087. The tax rate was 25 percent. The firm paid $4,947 in total interest expense and deducted $5,390 in depreciation expense. What was the company's taxable income for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) 10 points Skipped Taxable income cBook Hint What was the company's EBIT for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) References EBIT What was the company's cash coverage ratio for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Cash coverage ratio times