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

Question

1 Approved Answer

Truffle oilers inc. made $14047 in net income in the recent year. The tax rate was 21%, interest expense was $1785 and depreciation expense was

image text in transcribed

Truffle oilers inc. made $14047 in net income in the recent year. The tax rate was 21%, interest expense was $1785 and depreciation expense was $2,750. What was the firm's cash coverage ratio for the year? Select one: a. 10.96 O b. 11.50 c. 10.41 O d. 12.50 O e. 9.96

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

Strategy Mapping For Learning Organizations Building Agility Into Your Balanced Scorecard

Strategy Mapping For Learning Organizations Building Agility Into Your Balanced Scorecard

Authors: Phil Jones

1st Edition

0566088118,1409459292

More Books

Students also viewed these Finance questions

Question

★★★★★
Find vx(t) in the circuit infigure. 0.005 F 10 N 0.1 H 100 cos 40r v(+ +) 40 cos (40t - 30) V v(1) ww 0.2 H

Answered: 1 week ago

Question

★★★★★
3. Based on your study of the case, discuss the strong points of Rahul and Mr Sharma as communicators.

Answered: 1 week ago

Question

★★★★★
The trial balances shown on page 208 are before and after adjustment for Amit Company at the end of its fiscal year. InstructionsPrepare the adjusting entries that weremade. AMIT COMPANY Trial...

Answered: 1 week ago

Question

★★★★★
The value of a long position in a forward contract at expiration is a. the spot price plus the original forward price b. the spot price minus the original forward price c. the original forward price...

Answered: 1 week ago

Question

★★★★★
C LANGUAGE ONLY MUST USE RECURSION You have an index card with the letter A written on one side, and B on the other. You want to see ALL of the possible ways the card will land if you drop it n...

Answered: 1 week ago

Question

★★★★★
On January 2, 2019, Lapar Corporation purchased a machine for $50,000. Lapar paid shipping expenses of $500, as well as installation costs of $1,200. The company estimated that the machine would have...

Answered: 1 week ago

Question

★★★★★
It consists of establishing objectives for a specific period of time that will lead you to your long-term professional goal. ( ( A . . Race, B . . Professional Development, C . . Career plan, D . ....

Answered: 1 week ago

Question

★★★★★
If an individual agrees to participate in a research study because he or she believes that harm or punishment will result for refusing to participate in the study, the individual's decision to...

Answered: 1 week ago

Question

★★★★★
Ethics Some operating systems can be run directly from an optical disc or flash drive. Booting a computer this way circumvents the OS installed on the hard drive of the system. In a school or...

Answered: 1 week ago

Question

★★★★★
On June 1, 2025, Pharoah Service Co. was started with an initial investment in the company of $21,450 cash. Here are the assets. liabilities, and common stock of the company at June 30, 2025, and the...

Answered: 1 week ago

Previous Question Next Question