Panda Inc.'s net income for the most recent year was $9,620. The tax rate was 34 percent.
Question:
Panda Inc.'s net income for the most recent year was $9,620. The tax rate was 34 percent. The firm paid $2,380 in total interest expense and deducted $3,170 in depreciation expense. What was the company's cash coverage ratio for the year?
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Related Book For 
Corporate Finance
ISBN: 978-0077861759
11th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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