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What is its times interest earned

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Question - Lever Age pays an 10% rate of interest on $9.90 million of outstanding debt with face value $9.9 million. The firm's EBIT was $2.1 million.

Required -

a. What is its times interest earned?

b. If depreciation is $190,000, what is its cash coverage ratio?

Reference no: EM132933862

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