What was the company cash coverage ratio for the year


Problem:

Deluctable Turnips Inc. net income for the most recent year was 7,638. The tax rate was 34 percent. The firm paid 3,618 in total interest expense and deducted 4,873 in depreciation expense. What was the company's cash coverage ratio for the year?

Solution Preview :

Prepared by a verified Expert
Finance Basics: What was the company cash coverage ratio for the year
Reference No:- TGS02038561

Now Priced at $20 (50% Discount)

Recommended (99%)

Rated (4.3/5)