Question
Pop Evil, Incorporated's, net income for the most recent year was $10,187. The tax rate was 24 percent. The firm paid $3,420 in total interest
Pop Evil, Incorporated's, net income for the most recent year was $10,187. The tax rate was 24 percent. The firm paid $3,420 in total interest expense and deducted $2,137 in depreciation expense. What was the cash coverage ratio for the year?
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The International Handbook Of Public Financial Management
Authors: Richard Allen, Richard Hemming, B. Potter
1st Edition
1137574895, 978-1137574893
