Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ziebart Corp.'s EBITDA last year was $350,000 (= EBIT+ depreciation amortization), its interest charges were $9,500, it had to repay $26,000 of long-term debt, and

image text in transcribed
Ziebart Corp.'s EBITDA last year was $350,000 (= EBIT+ depreciation amortization), its interest charges were $9,500, it had to repay $26,000 of long-term debt, and it had to make a payment of $17,400 under a long-term lease. The firm had no amortization charges. What was the EBITDA coverage ratio? Select the correct answer. a. 8.57 Ob. 7:49 -6.95 d.8.03 O = 911" 83F Sunny D 7:13 PM 6/6/2002 O Et C G que

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project Finance For Construction

Authors: Anthony Higham, Carl Bridge, Peter Farrell

1st Edition

1138941298, 978-1138941298

More Books

Students also viewed these Finance questions