Delectable Parsnip, Inc.’s, net income for the most recent year was $9,112. The tax rate was 30 percent. The firm paid $3,937 in total interest expense and deducted $4,973 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