MC algo 3-3 Cash Coverage Ratio
A firm has sales of \([tex]$4,800, costs of $\)[/tex]2,600, interest paid of \([tex]$175, and depreciation of $\)[/tex]485. The tax rate is 21 percent. What is the cash coverage ratio?
Multiple Choice
16.70 times
9.80 times
972 times
6.95 times
12.57 times
A firm has sales of \([tex]$4,800, costs of $\)[/tex]2,600, interest paid of \([tex]$175, and depreciation of $\)[/tex]485. The tax rate is 21 percent. What is the cash coverage ratio?
Multiple Choice
16.70 times
9.80 times
972 times
6.95 times
12.57 times