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:

Intracellular Buffer System

Mechanisms within cells that regulate pH levels, preventing significant variations that could otherwise interfere with cellular function.

Sodium-Potassium Pump

A cellular mechanism that moves sodium ions out of and potassium ions into a cell against their concentration gradients, essential for cellular functions.

Carbonic Acid/Bicarbonate System

A major buffer system in the blood, maintaining the body's pH balance by regulating carbon dioxide (CO2) and bicarbonate (HCO3-) levels.

Blood Ph

A measure of the acidity or alkalinity of blood, with a normal range typically between 7.35 and 7.45.