Solution-Determine what is the cash coverage ratio

Determine what is the cash coverage ratio

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Reference no: EM132473299

Point 1: Lever Age pays an 8% rate of interest on $9.50 million of outstanding debt with face value $9.5 million. The firm's EBIT was $2.5 million.

Question 1: If depreciation is $150,000, what is its cash coverage ratio? (Round your answer to 2 decimal places.)

Reference no: EM132473299

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Determine what is the cash coverage ratio

Reference no: EM132473299

Reference no: EM132473299

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

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