Tommy Badfinger Inc.s net income for the most recent year was $8,175. The tax rate was 34

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Tommy Badfinger Inc.’s net income for the most recent year was $8,175. The tax rate was 34 percent. The firm paid $2,380 in total interest expense and deducted $1,560 in depreciation expense. What was Tommy Badfinger’s cash coverage ratio for the year?

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Fundamentals Of Corporate Finance

ISBN: 9780072553079

6th Edition

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

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