Skylar's Bed and Breakfast Has $126,500 in Total Assets, Depreciation

question 114

Multiple Choice

Skylar's Bed and Breakfast has $126,500 in total assets, depreciation of 3,500, and interest of $1,850.The total asset turnover rate is 1.02.Earnings before interest and taxes are equal to 24 percent of sales.What is the cash coverage ratio?

• A) 9.37
• B)16.74
• C)18.63
• D)20.72
• E)22.82

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