Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

Day Labor Company had depreciation expenses of $108,905, interest expenses of $78,112, a tax rate of 30%, and an EBIT of $1,254,338 for the year ended June 30, 2011. What is the cash coverage ratio for this company? Round Answer to Nearest Tenth

a.10.3 times

b. 19.3 times

c. 17.5 times

d. 9.1 times

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M943482

Have any Question? 


Related Questions in Basic Finance

The fed and long-term treasury securities why did the fed

The Fed and Long-term Treasury Securities : Why did the Fed purchase long-term Treasury securities in 2010, and how did this strategy differ from the Fed's usual operations?

Choose three of the stocks - two within the same industry

Choose three of the stocks - two within the same industry plus one additional stock - from the Company Selection and Stock Watch completed in module 03 and then locate interest rates on two other investments that are not ...

The probability of an engines failing during a 30-day

The probability of an engine's failing during a 30-day acceptance test is 0.3 under adverse environmental conditions. Eight engines are included in such a test. What is the probability of (i) none will fail and (ii) more ...

Suppose if you spend 1 million today on a research project

Suppose if you spend $1 million today on a research project, there is a 30% chance of success at year-end and a 70% chance of failure. In the event of failure, you can decide to invest another $1 million to continue the ...

A 525 percent coupon bond with 18 years left to maturity

A 5.25 percent coupon bond with 18 years left to maturity can be called in six years. The call premium is one year of coupon payments. It is offered for sale at $1,090.90. What is the yield to call of the bond? (Assume i ...

Monetary policymakers observe an increase in output in the

Monetary policymakers observe an increase in output in the economy and believe it is a result of an increase in potential output. If they were correct, what would the appropriate policy response be to maintain the existi ...

What are transactions costsdoes financial intermediation

What are transactions costs? Does financial intermediation increase or decrease transactions costs?

The city of malaise is considering a 10 tax on the revenues

The city of Malaise is considering a 10% tax on the revenues of all hotels/motels inside the city limits. Although not completely different from hotels and motels in the nearby suburbs, the ones in Malaise have a distinc ...

Please comment on the followingthe automobile industry was

Please comment on the following: The automobile industry was quite prosperous in the 1920s, but was hit hard by the depression. Studebaker Corporation, which was relatively weak to begin with, suffered more than other au ...

Topic for both group oral presentation and group written

Topic for both group oral presentation and group written report: Qantas Case study Business Analysis and Valuation Using Financial Statements:?? Explore and collect more information on the company and research must be pe ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate