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What is times interest earned

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Lever Age pays an 10% rate of interest on $10.80 million of outstanding debt with face value $10.8 million. The firm's EBIT was $1.8 million.

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

b. If depreciation is $280,000, what is its cash coverage ratio? (Round your answer to 2 decimal places.)

Reference no: EM132785616

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