Question
Lever Age pays an 8% rate of interest on $9.50 million of outstanding debt with face value $9.5 million. The firm's EBIT was $2.5 million.
Lever Age pays an 8% rate of interest on $9.50 million of outstanding debt with face value $9.5 million. The firm's EBIT was $2.5 million.
If depreciation is $150,000, what is its cash coverage ratio?(Round your answer to 2 decimal places.)
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Payroll Accounting
Authors: Bernard J. Bieg, Judith Toland
21st Edition
1111531056, 978-1111531058
