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Whipporwill, Incorporated's, net income for the most recent year was $10,685. The tax rate was 21 percent. The firm paid $4,758 in total interest expense
Whipporwill, Incorporated's, net income for the most recent year was $10,685. The tax rate was 21 percent. The firm paid $4,758 in total interest expense and deducted $5,219 in depreciation expense. What was the company’s cash coverage ratio for the year?
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Financial Reporting Financial Statement Analysis and Valuation
Authors: Clyde P. Stickney
6th edition
324302959, 978-0324302967, 324302967, 978-0324302950
