FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sectors, Inc., has an EBIT of $7,221,643 and interest expense of $611,800. Its depreciation for the year is $1,434,500. What is its cash coverage ratio?

Sectors, Inc., has an EBIT of $7,221,643 and interest expense of $611,800. Its depreciation for the year is $1,434,500. What is its cash coverage ratio?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance An International Perspective

Public Finance An International Perspective

Authors: Joshua E. Greene

1st Edition

9814365041, 978-9814365048

More Books

Students also viewed these Finance questions

Question

★★★★★
What is operations management?

Answered: 1 week ago

Question

★★★★★
(LO3) (Sales with Repurchase) Cramer Corp. sells idle machinery to Enyart Company on July 1, 2017, for $40,000. Cramer agrees to repurchase this equipment from Enyart on June 30, 2018, for a price of...

Answered: 1 week ago

Question

★★★★★
Complete Accounting Services has the following payroll information for the week ended December 7. State income tax is computed as 20 percent of federal income tax. Assumed tax rates are as follows:...

Answered: 1 week ago

Question

★★★★★
Sectors, Inc., has an EBIT of $7,221,643 and interest expense of $611,800. Its depreciation for the year is $1,434,500. What is its cash coverage ratio?

Answered: 1 week ago

Question

★★★★★
A D G Provide the structures and reagents corresponding to the letters A thorough K. CH3(CH)4MgBr D 1. Hg(OAc), HO 2. NaBH4 1. B 2. HO+ H3O+ heat E H E H hept-1-yne PCC NaCrO7 HSO4, HO K HCN J 1. K...

Answered: 1 week ago

Question

★★★★★
A dog training business began on December 1. The following transactions occurred during its first month. December 1 Receives $33,000 cash as an owner investment in exchange for common stock. December...

Answered: 1 week ago

Question

★★★★★
15) If Cost of Goods Sold is $250,000, beginning inventory is $29,000, and ending inventory is $36,000, then the purchases from suppliers (assume all on account) would be: A) $257,000. B) $315,000....

Answered: 1 week ago

Question

★★★★★
Some schools of thought distinguish between the decision process (that is, the techniques and methods used to make decisions) and the decision outcome. Discuss why this distinction is important and...

Answered: 1 week ago

Question

★★★★★
Which of the following lines on the Income Statement is most helpful in reviewing a company's operational efficiencies? A. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) B....

Answered: 1 week ago

Question

★★★★★
Fizzy Inc. acquired 25% of the stock of Bubbly Inc. at the beginning of 2022 for $5,000,000, and reports the investment using the equity method. There is no basis difference, and no intercompany...

Answered: 1 week ago

Question

★★★★★
You are the owner of Dales Clothiers for Men, a business designed to serve white-collar professionals. The policy of your store is to provide credit cards for individuals who have good jobs and...

Answered: 1 week ago

Question

★★★★★
Describe different techniques that a sender may use to gain a receivers attention in a persuasive message. Give an example of a situation in which each of these techniques can be used effectively....

Answered: 1 week ago

Question

★★★★★
When is a persuasive message used? How does anticipated receiver reaction influence the organizational plan used to write a persuasive message? (Objective 1)

Answered: 1 week ago

Previous Question Next Question