Question: Problem 3-31 Calculating the Cash Coverage Ratio [LO 2] Whipporwill, Incorporated's, net income for the most recent year was $11,441. The tax rate was

Problem 3-31 Calculating the Cash Coverage Ratio [LO 2] Whipporwill, Incorporated's, net income for the most recent year was $11,441. The tax rate was 23 percent. The firm paid $4,800 in total interest expense and deducted $5,257 in depreciation expense. What was the company's cash coverage ratio for the year? Note: 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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