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Whipporwill, Incorporateds, net income for the most recent year was $13,950. The tax rate was 24 percent. The firm paid $3,580 in total interest expense
Whipporwill, Incorporateds, net income for the most recent year was $13,950. The tax rate was 24 percent. The firm paid $3,580 in total interest expense and deducted $4,520 in depreciation expense. What was the companys cash coverage ratio for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
Cash coverage ratio --- times
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