The Dockside Inn Has Net Income for the Most Recent

question 7

Multiple Choice

The Dockside Inn has net income for the most recent year of $8,450.The tax rate was 35 percent.The firm paid $1,300 in total interest expense and deducted $1,900 in depreciation expense.What was the cash coverage ratio for the year?

• A)10.48 times
• B)11.48 times
• C)12.39 times
• D)12.46 times
• E)13.07 times

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Definitions:

Precausal Reasoning

A type of thinking observed in young children where causal relationships are made based on superficial associations rather than logical deduction.

Culturally Organized Activities

Activities structured by societal norms and traditions, typically facilitating learning and social integration.

Cortical Areas

Regions of the brain's outer layer, the cortex, responsible for processing a vast array of information, including sensory perception, thought, and planning.

Brain Development

The process of growth and change in the brain's structure and function throughout a person's life.