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Smith Co. has $16,000 in total assets, depreciation of $2,230, and interest of $3,100. The total asset turnover rate is 1.6. Earnings before interest and

Smith Co. has $16,000 in total assets, depreciation of $2,230, and interest of $3,100. The total

asset turnover rate is 1.6. Earnings before interest and taxes is equal to 35 percent of sales. What

is the cash coverage ratio?

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