The firm paid 3816 in total interest expense and deducted


FVA Inc.'s net income for the most recent year was $15,285. The tax rate was 30 percent. The firm paid $3,816 in total interest expense and deducted $2,495 in depreciation expense. What was the cash coverage ratio for the year? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16).)

Cash coverage ratio times.

Solution Preview :

Prepared by a verified Expert
Finance Basics: The firm paid 3816 in total interest expense and deducted
Reference No:- TGS02420146

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)