Question
PVA Inc.s net income for the most recent year was $15,385. The tax rate was 35 percent. The firm paid $3,826 in total interest expense
PVA Inc.s net income for the most recent year was $15,385. The tax rate was 35 percent. The firm paid $3,826 in total interest expense and deducted $2,505 in depreciation expense. What was the cash coverage ratio for the year?
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Handbook Of Asset And Liability Management Volume 2
Authors: S. A. Zenios, W. T. Ziemba
1st Edition
0444528024, 978-0444528025
