Calculate Cash Coverage Ratio Given the Following Information: Depreciation Expense

question 372

Multiple Choice

Calculate cash coverage ratio given the following information: depreciation expense = $30,000; EBIT = $480,000; times interest earned = 12 times.

• A) 12.25 times
• B) 12.50 times
• C) 12.75 times
• D) 13.00 times
• E) 13.25 times

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