Question: Problem 3-31 Calculating the Cash Coverage Ratio [LO 2] Delectable Parsnip, Inc.'s, net income for the most recent year was $9,012. The tax rate was

Problem 3-31 Calculating the Cash Coverage Ratio [LO 2] Delectable Parsnip,

Problem 3-31 Calculating the Cash Coverage Ratio [LO 2] Delectable Parsnip, Inc.'s, net income for the most recent year was $9,012. The tax rate was 35 percent. The firm paid $3,962 in total interest expense and deducted $4,923 in depreciation expense. What was the company's cash coverage ratio for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Cash coverage ratio times

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