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Essentials Of Investments
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ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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![A firm has sales of $4,790, costs of $2,590, interest paid of $174, and depreciation of $483. The tax rate is 21
percent. What is the cash coverage ratio?
Multiple Choice
12.64 times
7.01 times
9.78 times
9.87 times
16.77 times](https://content.bartleby.com/qna-images/question/d09a6c04-5153-4a57-9da1-217727883a7a/83e4d0cc-1ea2-4e3d-abca-05b152cb996f/53xklom_thumbnail.jpeg)
Transcribed Image Text:A firm has sales of $4,790, costs of $2,590, interest paid of $174, and depreciation of $483. The tax rate is 21
percent. What is the cash coverage ratio?
Multiple Choice
12.64 times
7.01 times
9.78 times
9.87 times
16.77 times
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