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Why is it 10.99? Russell's has annual sales of $649,200, cost of goods sold of $389,400, interest of $23,650, depreciation of $121,000, and a tax

image text in transcribed Why is it 10.99?

Russell's has annual sales of $649,200, cost of goods sold of $389,400, interest of $23,650, depreciation of $121,000, and a tax rate of 21 percent. What is the cash coverage ratio for the year? Multiple Choice 8.43 10.99 O 11.64 5.87 O O 18.22

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