Reviewing the income statement and cash flow statement from


Reviewing the income statement and cash flow statement from KRJ Enterprises, you find the following items: Net income of $789 million, interest expense of $111 million, tax expense of $339 million, cash flow from operations of $642 million, interest paid of $97 million, and taxes paid of $262 million. Calculate the cash interest coverage for the company. Present your answer rounded to two decimal places. e.g. 20.00.

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Financial Management: Reviewing the income statement and cash flow statement from
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