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Whipporwill, Incorporated's, net income for the most recent year was $ 1 6 , 7 5 0 . The tax rate was 2 3 percent.

Whipporwill, Incorporated's, net income for the most recent year was $16,750. The tax
rate was 23 percent. The firm paid $4,000 in total interest expense and deducted
$5,360 in depreciation expense. What was the company's cash coverage ratio for the
year? (Do not round intermediate calculations and round your answer to 2 decimal
places, e.g.,32.16.)
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