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Question MCF is a company operating in M-land where the currency is the M$. Extracts from the statement of cash flows of MCF for the
Question MCF is a company operating in M-land where the currency is the M$. Extracts from the statement of cash flows of MCF for the year ended 31 December 20X2 are shown below: M$000 Statement of cash flows (extracts) Operating activities Net cash from operating activities 1,530 Interest paid (70) Investing activities Purchase of property, plant and equipment (540) Financing activities Repayment of bank loan Dividends paid (200) (50) | Calculate the debt service cover for MCF for the year ended 31 December 20X2. Give your answer as the number of times to two decimal places
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