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What is the cash coverage ratio

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Reference no: EM132472645

Point : Lever Age pays an 8% rate of interest on $9.50 million of outstanding debt with face value $9.5 million. The firm's EBIT was $2.5 million.

Question 1: If depreciation is $150,000, what is its cash coverage ratio? (Round your answer to 2 decimal places.)

  • Cash coverage ratio:

Reference no: EM132472645

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