Question
You own a chain of stores that sell wigs. You have borrowed $10mm from wells Fargo at annual sales of $48mm, Gross Profit of $30mm,
You own a chain of stores that sell wigs. You have borrowed $10mm from wells Fargo at annual sales of $48mm, Gross Profit of $30mm, EBITDA of $11mm, Depreciation and Amortization of $3mm, and Tax Expense of $2mm. What is your interest coverage ratio?
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International Finance Transactions Policy And Regulation
Authors: Hal Scott, Anna Gelpern
21st Edition
1634602048, 978-1634602044
