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Venus Limited has current assets of $60 million, current liabilities of $30 million, inventory of $10 million, total assets of $200 million and total shareholders?
Venus Limited has current assets of $60 million, current liabilities of $30 million, inventory of $10 million, total assets of $200 million and total shareholders? equity of $40 million. In addition, Venus Limited has earnings before interest and tax of $30 million, interest expense of $5 million and corporate tax rate of 30%. Calculate interest coverage ratio.
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