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QUESTION 81 Consider the following income statement for Larry & Harry Drug Stores: Revenue 90 mm Variable costs 48 mm Interest on debt 6 mm

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QUESTION 81 Consider the following income statement for Larry & Harry Drug Stores: Revenue 90 mm Variable costs 48 mm Interest on debt 6 mm Depreciation 0 mm Its tax rate is 25% and the book value of its equity is 150mm. What is L&H's coverage ratio? 0.18 5.25 8 15

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