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Lever Age pays an 9 % rate of interest on $ 1 0 . 1 0 million of outstanding debt with face value $ 1
Lever Age pays an rate of interest on $ million of outstanding debt with face value $ million. The firm's EBIT was $ million.
a What is its times interest earned?
Note: Round your answer to decimal places.
b If depreciation is $ what is its cash coverage ratio?
Note: Round your answer to decimal places.
a Times interest earned
b Cash coverage ratio
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