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Whipporwill, Incorporated's, net income for the most recent year was $10,286. The tax rate was 25 percent. The firm paid $4,737 in total interest expense
Whipporwill, Incorporated's, net income for the most recent year was $10,286. The tax rate was 25 percent. The firm paid $4,737 in total interest expense and deducted $5,185 in depreciation expense. What was the company's cash coverage ratio for the year? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16
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