Coverage ratios: Sectors, Inc., has an EBIT of $7,221,643 and interest expense of $611,800. Its depreciation for the year is $1,434,500. What is its cash coverage ratio?
A) 15.42 times
B) 18.34 times
C) 14.15 times
D) None of the above
Answer: C
Coverage ratios: Sectors, Inc., has an EBIT of $7,221,643 and interest expense of $611,800. Its depreciation for the year is $1,434,500. What is its cash coverage ratio?
A) 15.42 times
B) 18.34 times
C) 14.15 times
D) None of the above
Answer: C
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