Question
On $9.80 million in outstanding debt with a face value of $9.8 million, Teknosa pays a 8% interest rate. EBIT was $450 million for the
On $9.80 million in outstanding debt with a face value of $9.8 million, Teknosa pays a 8% interest rate. EBIT was $450 million for the company.
a. Calculate the company's times interest earned.
b. What is the cash coverage ratio if depreciation is $180,000?
DO NOT COPY FROM CHEGG, OR I HAVE TO REPORT.
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International Financial Management
Authors: Jeff Madura, Roland Fox
5th Edition
1473770505, 978-1473770508
