PVA Inc.s net income for the most recent year was $21,460. The tax rate was 34 percent.

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PVA Inc.’s net income for the most recent year was $21,460. The tax rate was 34 percent. The firm paid $7,340 in total interest expense and deducted $8,720 in depreciation expense. What was the cash coverage ratio for the year?

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Corporate Finance Core Principles and Applications

ISBN: 978-1259289903

5th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

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Question Posted: Apr 03, 2018 03:31 AM

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PVA Inc.s net income for the most recent year was $21,460. The tax rate was 34 percent.

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Corporate Finance Core Principles and Applications

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