Explore BrainMass

Explore BrainMass

    Calculating Cash Coverage Ratio

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    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?

    © BrainMass Inc. brainmass.com October 10, 2019, 7:02 am ad1c9bdddf

    Solution Summary

    example of calculating cash coverage ratio