What was the company taxable income for the year

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Reference no: EM131571082

Delectable Parsnip, Inc.’s, net income for the most recent year was $9,412. The tax rate was 35 percent. The firm paid $3,862 in total interest expense and deducted $5,123 in depreciation expense.

What was the company’s taxable income for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Taxable income $

What was the company’s EBIT for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

EBIT $

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.)

Cash coverage ratio times

Reference no: EM131571082

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