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Midtown Masks Inc has $3M of debt on which it pays a 10% annual interest rate. EBIT is $1m. Based on ratio analysis, this company

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Midtown Masks Inc has $3M of debt on which it pays a 10% annual interest rate. EBIT is $1m. Based on ratio analysis, this company is in a position to meet its annual interest payment. True or False? True False

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