For the most recent year, Tesla Corp. has a net income of $14,550. The tax rate was

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For the most recent year, Tesla Corp. has a net income of $14,550. The tax rate was 22%. Tesla paid $3,670 in total interest expense and deducted $4,700 in depreciation expense.

What was Tesla's cash coverage ratio for the year?

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Fundamentals of Corporate Finance

ISBN: 978-0077861629

8th Edition

Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan

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Posted Date: Mar 25, 2024 10:39 PM

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For the most recent year, Tesla Corp. has a net income of $14,550. The tax rate was

Question:

Expert Answer:

The cash coverage ratio is calculated using the formula Cash ... View the full answer

Fundamentals of Corporate Finance

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