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Lever Age pays a rate of interest of 8% on $10.9 million of outstanding debt with face value $10.9 million. The firms EBIT was $1.9

Lever Age pays a rate of interest of 8% on $10.9 million of outstanding debt with face value $10.9 million. The firms EBIT was $1.9 million. a. What is its times interest earned? (Round your answer to 2 decimal places.) Times interest earned b. If depreciation is $290,000, what is its cash coverage? (Round your answer to 2 decimal places.) Cash coverage ratio

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