What was the company cash coverage ratio for the year

Reference no: EM132028089

Question: Parsnip, Inc.'s, net income for the most recent year was $9, 512. The tax rate was 30 percent. The firm paid $3, 837 in total interest expense and deducted $5, 173 in depreciation expense. What was the company's cash coverage ratio for the year?

Reference no: EM132028089

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