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What are the times interest earned and cash coverage ratios

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Fahr Company had depreciation expenses of $640,891, interest expenses of $113,090, and an EBIT of $1,388,988 for the year ended June 30, 2006.

Question 1: What are the times interest earned and cash coverage ratios for this company? Round your final answers to one decimal place. Hint: Start with EBIT and the given depreciation, work backward to compute EBITDA and use this to calculate Cash Coverage ratio.

Reference no: EM132589332

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