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Lever Age pays an 10% rate of interest on $9.60 million of outstanding debt with face value $9.6 million. The firm's EBIT was $24 million,

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Lever Age pays an 10% rate of interest on $9.60 million of outstanding debt with face value $9.6 million. The firm's EBIT was $24 million, a. What is its times interest earned? (Round your answer to 2 decimal places.) Times interest earned b. If depreciation is $160,000, what is its cash coverage ratio? (Round your answer to 2 decimal places.) Cash coverage ratio

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