Question
PVA Inc.'s net income for the most recent year was $15,685. The tax rate was 35 percent.The firm paid $3,856 in total interest expense and
PVA Inc.'s net income for the most recent year was $15,685. The tax rate was 35 percent.The firm paid $3,856 in total interest expense and deducted $2,535 in depreciation expense.What was the cash coverage ratio for the year?
Cash coverage ratio = times
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Multinational Financial Management
Authors: Alan C Shapiro, Paul Hanouna
11th Edition
1119559901, 9781119559900
