Question: Whipporwill, Incorporated's, net income for the most recent year was $17,150. The tax rate was 25 percent. The firm paid $4,060 in total interest expense

Whipporwill, Incorporated's, net income for the most recent year was $17,150. The tax rate was 25 percent. The firm paid $4,060 in total interest expense and deducted $5,480 in depreciation expense. What was the company's cash coverage ratio for the year? (Do not round intermediate calculations and round your onswer to 2 decimal places, e.g., 32.16.)

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