Question
Problem 4-12 Leverage Ratios (LO3) Lever Age pays an 10% rate of interest on $9.30 million of outstanding debt with face value $9.3 million. The
Problem 4-12 Leverage Ratios (LO3)
Lever Age pays an 10% rate of interest on $9.30 million of outstanding debt with face value $9.3 million. The firms EBIT was $2.7 million.
a. What is its times interest earned? (Round your answer to 2 decimal places.
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b. If depreciation is $130,000, what is its cash coverage ratio? (Round your answer to 2 decimal places.)
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Financial Sustainability In Public Administration Exploring The Concept Of Financial Health
Authors: Manuel Pedro Rodríguez Bolívar
1st Edition
3319579614, 3319579622, 9783319579610, 9783319579627
