Hedgepeth incrsquos net income for the most recent year was, Ask an Expert

Economics

Hedgepeth Inc.’s net income for the most recent year was $16,885. The tax rate was 40 percent. The firm paid $3,976 in total interest expense and deducted $2,655 in depreciation expense. What was the cash coverage ratio for the year? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Find the cash coverage ratio: ______ Times

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91726860

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