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Determine what is the times interest earned

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Reference no: EM132525171

Lever Age pays an 10% rate of interest on $9.30 million of outstanding debt with face value $9.3 million. The firm's EBIT was $2.7 million.

Question a. What is its times interest earned? (Round your answer to 2 decimal places.)

Question b. If depreciation is $130,000, what is its cash coverage ratio? (Round your answer to 2 decimal places.)

Reference no: EM132525171

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