What was the company cash coverage ratio for the year

Assignment Help Financial Management

Reference no: EM132031743

Panda Inc.’s net income for the most recent year was $15,385. The tax rate was 35 percent. The firm paid $3,826 in total interest expense and deducted $2,505 in depreciation expense. What was the company’s cash coverage ratio for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Reference no: EM132031743

Questions Cloud

The company can make rational decision : You are assigned the task of correctly assessing the value of the company so that the company can make a rational decision.

What is the most investor should be willing to pay for share : Similar stocks are currently returning 9%. What is the most an investor should be willing to pay for a share of this company?

Standard deviation of the optimal risky portfolio : What does your graph show for the expected return and standard deviation of the optimal risky portfolio?

Find the current value of the debt and the equity : Find the current value of the debt and the equity, and their required returns. Using those, find the firm's WACC, ignoring taxes.

What was the company cash coverage ratio for the year : The firm paid $3,826 in total interest expense and deducted $2,505 in depreciation expense. What was the company’s cash coverage ratio for the year?

What price would be predicted by duration rule : Find the price of the bond if it's yield to maturity rises to 10%. What price would be predicted by the duration rule?

Difference between net income and cash flow : Explain to Myron the difference between Net Income and Cash Flow.

Calculate the annual coupon rate on the bond : Assuming an annual market interest rate of 14% and that the bond pays interest semiannually, calculate the ANNUAL coupon rate on the bond

Calculations in ms excel for the present value : Please provide the calculations in MS Excel for the present value of an $7,000 goal in 7 years at 7% discounted on an annual,

User Account

All Pages