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Business, 29.08.2019 23:30 ashliemallen
Lever age pays an 8% rate of interest on $10 million of outstanding debt with face value $10 million. the firm’s ebit was $1 million. (lo4-3) a. what is its times interest earned? b. if depreciation is $200,000, what is its cash coverage ratio?
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Lever age pays an 8% rate of interest on $10 million of outstanding debt with face value $10 million...
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