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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Low-Risk Investment

An investment that is generally considered safer, with a lower chance of losing principal but typically offering lower returns.

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Investment

The action of dispensing resources, often capital, with a view towards gaining profit or income.

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