McKusker and Trout has annual sales of $649,200, cost of goods sold of $389,400, interest of $23,650,

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McKusker and Trout has annual sales of $649,200, cost of goods sold of $389,400, interest of $23,650, depreciation of $121,000, and a tax rate of 21 percent.

What is the cash coverage ratio for the year?

Related Book For answer-question

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 29, 2023 01:10 AM

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McKusker and Trout has annual sales of $649,200, cost of goods sold of $389,400, interest of $23,650,

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Fundamentals of Corporate Finance

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