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Lever Age pays an 9% rate of interest on $10.40 million of outstanding debt with face value $10.4 million. The firm's EBIT was $1.4 million.
Lever Age pays an 9% rate of interest on $10.40 million of outstanding debt with face value $10.4 million. The firm's EBIT was $1.4 million. a. What is its times interest earned? Note: Round your answer to 2 decimal places. b. If depreciation is $240,000, what is its cash coverage ratio? Note: Round your answer to 2 decimal places Step by Step Solution
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Other Peoples Money
Authors: John Kay
1st Edition
1610397150, 978-1610397155
