Lever Age pays an

10%

rate of interest on

$10.20

million of outstanding debt with face value

$10.2

million. The firm's EBIT was

$1.2

million.\ a. What is its times interest earned?\ Note: Round your answer to 2 decimal places.\ b. If depreciation is

$220,000

, what is its cash coverage ratio?\ Note: Round your answer to 2 decimal places.\ \\\\table[[a. Times interest earned,],[b. Cash coverage ratio,]]

Lever Age pays an 10% rate of interest on $10.20 million of outstanding debt with face value $10.2 million. The firm's EBIT was $1.2 million. a. What is its times interest earned? Note: Round your answer to 2 decimal places. b. If depreciation is $220,000, what is its cash coverage ratio? Note: Round your answer to 2 decimal places