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Mars Limited has total debt of $70 million, total equity of $30 million, total assets of $100 million, EBIT of $33 million, interest expense of
Mars Limited has total debt of $70 million, total equity of $30 million, total assets of $100 million, EBIT of $33 million, interest expense of $3 million, depreciation of $5 million and principal of $6 million. Calculate debt service coverage ratio.
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