PROBLEM $1(25$ MARKS$)$

Hedgepeth Inc.$\text{'}$s net income for the most recent year was $$15,185.$ The tax rate was $34$ percent. The firm paid $$3,806$ in total interest expense and deducted $$2,485$ in depreciation expense.

a$)$ What is the company's Earmings Before Taxes $($EBT$)(6$ Marks$)$

b$)$ What is the company's Earnings Before Interest and Taxes $($EBIT$)(6$ Marks$)$

c$)$ What is the company's Earnings Before Interest, Taxes, and Depreciation $($EBITD$)(6$ Marks$)$

d$)$ What was the cash coverage ratio for the year and how do you interpret your answer? $(7$ Marks$)$