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Lever Age pays a rate of interest of 8% on 9.2 million of outstanding debt with face value of $9.2 million. The firm's EBIT was
Lever Age pays a rate of interest of 8% on 9.2 million of outstanding debt with face value of $9.2 million. The firm's EBIT was $2.8 million. a. what is its times interest earned? (Round your answer to 2 decimal places) b. if depreciation is $120,000, what is its cash coverage? (Round your answer to 2 decimal places)
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