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Lever Age pays an 9% rate of interest on $9.70 million of outstanding debt with face value $9.7 million. The firm's EBIT was $2.3 million.

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Lever Age pays an 9% rate of interest on $9.70 million of outstanding debt with face value $9.7 million. The firm's EBIT was $2.3 million. a. What is its times interest earned? (Round your answer to 2 decimal places.) Times interest eamed b. If depreciation is $170,000, what is its cash coverage ratio? (Round your answer to 2 decimal places.) Cash coverage ratio

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