Question
Panda Inc.'s net income for the most recent year was $17,185. The tax rate was 40 percent. The firm paid $4,006 in total interest expense
Panda Inc.'s net income for the most recent year was $17,185. The tax rate was 40 percent. The firm paid $4,006 in total interest expense and deducted $2,685 in depreciation expense. What was the company's cash coverage ratio for the year?
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Essentials Of Corporate Finance
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
6th Edition
978-0073405131, 9780073405131
