Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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A company paid $11,310 in interest and $16,500 in dividends last year. The times interest earned ratio is
2.9, the depreciation expense is $7,900, and the tax rate is 21 percent. What is the value of the cash
coverage ratio?
O a.
3.71
O b. 3.60
O C.
2.78
d. 3.10
O e.
2.58
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Transcribed Image Text:A company paid $11,310 in interest and $16,500 in dividends last year. The times interest earned ratio is 2.9, the depreciation expense is $7,900, and the tax rate is 21 percent. What is the value of the cash coverage ratio? O a. 3.71 O b. 3.60 O C. 2.78 d. 3.10 O e. 2.58
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