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Wexford Co. has $21,500 in total assets, depreciation of $3,175, and interest of $2,183. The total asset turnover rate is 1.35 times, Earning before interest
Wexford Co. has $21,500 in total assets, depreciation of $3,175, and interest of $2,183. The total asset turnover rate is 1.35 times, Earning before interest and taxes is equal to 20 percent of sales. What is the cash coverage ratio?
Select one: a. 2.5 times b. 4.1 times c. 4.2 times d. 3.5 times
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