Delectable Parsnip, Inc.'s, net income for the most recent year was $10,112. The tax rate was 34 percent. The firm paid $3,687 in total interest expense and deducted $5,473 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