Question: Ziebart Corp.'s EBITDA last year was $435,000 ( = EBIT + depreciation + amortization), its interest charges were $9,500, it had to repay $26,000 of

Ziebart Corp.'s EBITDA last year was $435,000 ( = EBIT + depreciation + amortization), its interest charges were $9,500, it had to repay $26,000 of long-term debt, and it had to make a payment of $17,400 under a long-term lease. The firm had no amortization charges. What was the EBITDA coverage ratio?

Select the correct answer.

a. 9.18

b. 11.07

c. 10.44

d. 9.81

e. 8.55

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