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The Yellow Corp has $700,000 of debt outstanding, and it pays an interest rate of 8% annually. Its annual sales are $2 million, its average
The Yellow Corp has $700,000 of debt outstanding, and it pays an interest rate of 8% annually. Its annual sales are $2 million, its average tax rate is 25%, and its net profit margin on sales is 12%. The company has depreciation expense of $35,040 with no amortization. What is the EBITDA coverage for Yellow Corp?
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