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Lever Age pays an 8% rate of interest on $10.60 million of outstanding debt with face value $106 million. The firm's EBIT was S16 million

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Lever Age pays an 8% rate of interest on $10.60 million of outstanding debt with face value $106 million. The firm's EBIT was S16 million a. What is its times interest earned? (Round your answer to 2 decimal places.) Times interest earned b. If depreciation is $260,000, what is its cash coverage ratio? (Round your answer to 2 decimal places) Cash coverage ratic

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