Ugh Inc.'s net income for the most recent year was $17,382. The tax rate was 34 percent.

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Ugh Inc.'s net income for the most recent year was $17,382. The tax rate was 34 percent. The firm paid $3,953 in total interest expense and deducted $4,283 in depreciation expense. What was the cash coverage ratio for the year?

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Fundamentals of Corporate Finance

ISBN: 978-0077861704

11th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Nov 21, 2016 08:10 AM

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Ugh Inc.'s net income for the most recent year was $17,382. The tax rate was 34 percent.

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