Whipporwill, Incorporated's, net income for the most recent year was $10,685. The tax rate was 21 percent. The firm paid $4,758 in total interest expense and deducted $5,219 in depreciation expense. What was the company’s cash coverage ratio for the year?

Answer rating: 100% (QA)

To calculate the cash coverage ratio we need to determine the cash generated from op... View the full answer