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PVA Inc.s net income for the most recent year was $16,785. The tax rate was 20 percent. The firm paid $3,966 in total interest expense
PVA Inc.s net income for the most recent year was $16,785. The tax rate was 20 percent. The firm paid $3,966 in total interest expense and deducted $2,645 in depreciation expense. What was the cash coverage ratio for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Cash coverage ratio _________ times
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