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Lansing Incorporated has $16,197 in total assets, depreciation of $2,179, and interest of $3,128. The total asset turnover rate is 1.8. Earnings before interest and
Lansing Incorporated has $16,197 in total assets, depreciation of $2,179, and interest of $3,128. The total asset turnover rate is 1.8. Earnings before interest and taxes is equal to 35 percent of sales. What is the cash coverage ratio?
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