What is the times interest earned

Reference no: EM131765252

Question: Lever Age pays a rate of interest of 8% on $10.9 million of outstanding debt with face value $10.9 million. The firm's EBIT was $1.9 million.

a. What is its times interest earned? (Round your answer to 2 decimal places.) Times interest earned

b. If depreciation is $290,000, what is its cash coverage? (Round your answer to 2 decimal places.) Cash coverage ratio.

Reference no: EM131765252

Questions Cloud

Analyze a specific issue within a discipline of psychology : Research and analyze a specific issue within a discipline of psychology; and, second, to introduce you to the literature review .

Regarding market analysis : Regarding market analysis, what is the margin between the end market and an upstream market of a slaughterhouse?

Compared to commercial banks : What advantages and disadvantages to they have compared to Commercial Banks?

Calculate the company break-even point in dollar sales : Wilson Co. is preparing next period's forecasts. Calculate the company's break-even point in dollar sales

What is the times interest earned : Lever Age pays a rate of interest of 8% on $10.9 million of outstanding debt with face value $10.9 million. The firm's EBIT was $1.9 million.

Determine all non-zero associated legendre functions : Determine all non-zero associated Legendre functions - Explain why it may expressed as a linear combination of Legendre polynomials

Prepare a direct materials purchases budget by month : Dewitt Industries has adopted the following production budget for the first 4 months of 2012. Prepare a direct materials purchases budget by month

Review problem of lin corporation : Lin Corporation has a single product whose selling price is $135 and whose variable expense is $81 per unit. The company's monthly fixed expense is $23,700.

Explain the practical implications of the conclusions : What advice or ‘take home message' can you provide to your audience based on the research you reviewed?

User Account

All Pages