Lever age pays an 9 rate of interest on 91 million of

Reference no: EM13481318

Lever Age pays a(n) 9% rate of interest on $9.1 million of outstanding debt with face value $9.1 million. The firm's EBIT was $2.9 million. a. What is times interest earned? Times interest earned b. If depreciation is $110,000, what is cash coverage?Cash coverage c. If the firm must retire $210,000 of debt for the sinking fund each year, what is its "fixed-payment cash-coverage ratio"?Fixed-payment cash-coverage ratio.

Reference no: EM13481318

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