Terry's Pets paid $2,380 in interest and $2,200 in dividends last year. The times interest earned...

 

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Terry's Pets paid $2,380 in interest and $2,200 in dividends last year. The times interest earned ratio is 2.6 and the depreciation expense is $680. What is the value of the cash coverage ratio? Terry's Pets paid $2,380 in interest and $2,200 in dividends last year. The times interest earned ratio is 2.6 and the depreciation expense is $680. What is the value of the cash coverage ratio?

Answer rating: 100% (QA)

To calculate the cash coverage ratio we first need to f... View the full answer