What was the cash coverage ratio for the year

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Reference no: EM13937360

The Docksider has net income for the most recent year of $25,000. The tax rate was 20 percent. The firm paid $2,500 in total interest expense and deducted $1,500 in depreciation expense. What was the cash coverage ratio for the year?

18.55

9.55

7.10

15.02

14.10

Reference no: EM13937360

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