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Pleases solve for the EBITDA Coverage Ratio using the formula EBITDA+Lease Payments/Interest+Prinicpal Payment+Least Payments and Times Interest Earned (please use the forrmula that you know)
Pleases solve for the EBITDA Coverage Ratio using the formula EBITDA+Lease Payments/Interest+Prinicpal Payment+Least Payments and Times Interest Earned (please use the forrmula that you know) or if you know better formula for solving it please do please explain briefly with complete and detailed solution. Thanks!
E Corporation 2008 and 2009 Balance Sheets ($ in million) IE Corporation 2009 Income Statement in milliorn Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (34% Net income 4,053 2,780 550 723 502 221 75 146 20082009 ASSETS Current Assets: Cash Accounts receivable Invento 210 215 355 310 507328 1,072 853 Total Current Assets Fixed Assets: Net plant and equipment TOTAL ASSETS Dividends 47 6,085 6,527 7,157 7,380 Addition to retained earnings LIABILITIES and OWNERS' EQUITY Current Liabilities: Accounts payable Notes payable 207298 1,715 1,427 1,922 1,725 1,9872,308 Total Current Liabilities Long-term debt Owners' equity Assignment 2 Common stock Retained earnings 1,000 1,000 2,248 2,347 3,248 3.347 TOTAL LIABILITIES and OWNERS' EQUIT 7,157 7,380 Total Owners' EquityStep by Step Solution
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