Question: Given the information below, what is the debt service coverage ratio? CFADS= $53,550 and two monthly payments for a loan and a loan commitment, respectively:

Given the information below, what is the debt service coverage ratio?

CFADS= $53,550 and two monthly payments for a loan and a loan commitment, respectively: $417 and $1,425

Formula:

Business Debt Service Coverage Ratio = Cash Flow Available for Debt Service (CFADS) / Total Debt Service (annual

A) 2.22

B) 2.32

C) 2.42

D)2.52

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

I need to implement a growth strategy that requires the hospital the invest $60,000,000.00 into a new facility to expand operations to meet the growing demands of the population. The funds will be...

Q:

Josh Wainright, an investment advisor, is based in Chicago, Illinois, the home of many members of the DuPage family. In January 2016 his attention focused on the needs of two cousins at different...

Q:

Hello my name is George Ferguson. I graduated with my Master's in Nonprofit. I am currently doing finance because I plan on doing a nonprofit in the health care field. I got this beginner book for...

Q:

MILWAUKEE MACHINING, INC. CASE This company is a Subchapter S Corporation. The company with the same ownership, Machining Investments, LLC, owns the real estate occupied by Milwaukee Machining, Inc....

Q:

I need your help in this. today. will be your client. For exclusive use Florida International University, 2015 REVISED SEPTEMBER 6, 2013 CRAIG FURFINE KEL757 The Return of the Loan: Commercial...

Q:

I need an expert for this. please check info for details. For exclusive use Florida International University, 2015 REVISED SEPTEMBER 6, 2013 CRAIG FURFINE KEL757 The Return of the Loan: Commercial...

Q:

Listen to the following videos and then complete the assignments using the changed numbers on the guidance report. Place your answers on the guidance report. Open the Guidance Report and rework the...

Q:

Can someone help me with this? I need it by tomorrow chapter 2 Issues in Accounting for Corporate Debt and Equity istockphoto Learning Objectives Be able to articulate the advantages and...

Q:

Given the following information listed below (PLEASE SHOW WORKING), Work out the questions in the last photo Work out the following questions from the information above (PLEASE SHOW WORKING) Student...

Q:

Given the following information listed below (PLEASE SHOW WORKING), Work out the questions in the last photo Work out the following questions from the information above (PLEASE SHOW WORKING) Student...

Q:

Cecillia Corporation is preparing the comparative financial statements to be included in the annual report to shareholders. Cecillia's fiscal year ends May 31. The following information is available....

Q:

The locus of feet of perpendiculars drawn from the origin to the straight lines passing through (X, Y) is

Q:

Which of the following is one of the three types of product costs?Period costsManufacturing overheadSelling and administrative costsRelevant costs

Q:

Draw a class diagram and its relationship based on the following statements. You can use any UML tool/software to represent your class diagram. Do NOT copy and paste your diagram, use the attachment...