Homework Answers
| Taxable income = Net income / (1-tax%) | =10512/(1-34%) |
| 15927.27 |
| EBIT = Taxable income + Interest expense | =15927.27+3587 |
| 19514.27 |
| Cash Coverage ratio = ( EBIT + Depreciation ) / Interest | =(19514.27+5673)/3587 |
| 7.02 |
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