A firm has sales of $4,740, costs of $2.540, Interest paid of $169, and depreciation of $473. The tax rate is 21 percent. What is the cash coverage ratio? Multiple Choice 1712 times 13.02 times 10.08 times 728 simes

Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter2: Financial Statements, Cash Flow,and Taxes
Section: Chapter Questions
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A firm has sales of $4,740, costs of $2,540, Interest paid of $169, and depreciation of $473. The tax rate is 21 percent. What is the cash coverage ratio?
Multiple Choice
17.12 times
13.02 times
10.08 times
728 mes
10 22 times
Transcribed Image Text:A firm has sales of $4,740, costs of $2,540, Interest paid of $169, and depreciation of $473. The tax rate is 21 percent. What is the cash coverage ratio? Multiple Choice 17.12 times 13.02 times 10.08 times 728 mes 10 22 times
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