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Whipporwill, Incorporated's, net income for the most recent year was $21,614. The tax rate was 23 percent. The firm paid $4,006 in total interest expense
Whipporwill, Incorporated's, net income for the most recent year was $21,614. The tax rate was 23 percent. The firm paid $4,006 in total interest expense and deducted $5,691 in depreciation expense. What was the cash coverage ratio for the year? (Do not round Intermedlate colculations and round your answer to 2 declmal pleces, e.g., 32.16.)
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