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What is the fixed payment coverage ratio? Earnings before Interest and Taxes = $2,957,000 Lease Payments = $250,000 Interest Expense = $969,000 Principal Payments =

What is the fixed payment coverage ratio?

Earnings before Interest and Taxes = $2,957,000

Lease Payments = $250,000

Interest Expense = $969,000

Principal Payments = $846,000

Preferred Stock dividends = $116,000

Tax rate = 40%

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