Hedgepeth Inc.s net income for the most recent year was $15,185. The tax rate was 34 percent.

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Hedgepeth Inc.’s net income for the most recent year was $15,185. The tax rate was 34 percent. The firm paid $3,806 in total interest expense and deducted $2,485 in depreciation expense. What was the cash coverage ratio for the year?

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Fundamentals of corporate finance

ISBN: 978-0078034633

10th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Mar 13, 2014 07:56 AM

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Hedgepeth Inc.s net income for the most recent year was $15,185. The tax rate was 34 percent.

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Fundamentals of corporate finance

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