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Question - The following data is from the 2021 Income Statement of the Lincoln Manufacturing Company:
2021
Net Sales $3,210,645
Cost of Sales 2,310,210
Gross Profit 900,435
Operating Expenses 418,985
Interest Expense 42,400
Income Taxes 114,200
Net Income 324,850
Required -
1. What is Lincoln's interest coverage ratio for 2021?
2. In today's economic environment, which of the following would be an appropriate risk free rate (Rf) in the CAPM model?
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