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    4. 565392

    Calculating Cash Coverage Ratio

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    Deluctable Turnips Inc. net income for the most recent year was 7,638. The tax rate was 34 percent. The firm paid 3,618 in total interest expense and deducted 4,873 in depreciation expense. What was the company's cash coverage ratio for the year?

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    Solution Summary

    example of calculating cash coverage ratio

    $2.19

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