Cornerstones of Financial Accounting
4th Edition
ISBN: 9781337690881
Author: Jay Rich, Jeff Jones
Publisher: Cengage Learning
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Question
Bell Corporation reports the following information:
Net cash provided by operating activities $275,000
Average current liabilities 150,000
Average non-current liabilities 100,000
Cash dividends declared 60,000
Capital expenditures (for daily operations) 110,000
Payments of debt 35,000
Bell’s:
a) cash debt coverage isAnswer 1 Question 4: 1
b) current cash debt coverage is Answer 2 Question 4: 1
c)
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