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Curdle Milk Corp.'s EBITDA last year was $499,300, its interest charges to repay $55,700 of long-term debt, and it had to make a payment of $66,900 under a long- term lease. The firm had no amortization charges. What was the EBITDA coverage ratio? Round your answer down to the nearest 2 decimals. 3.06 3.09 2.76 2.72

Curdle Milk Corp.'s EBITDA last year was $499,300, its interest charges to repay $55,700 of long-term debt, and it had to make a payment of $66,900 under a long- term lease. The firm had no amortization charges. What was the EBITDA coverage ratio? Round your answer down to the nearest 2 decimals. 3.06 3.09 2.76 2.72

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Curdle Milk Corp.'s EBITDA last year was $499,300, its interest charges were $60,700, it had to repay $55,700 of long-term debt, and it had to make a payment of $66,900 under a long- term lease. The firm had no amortization charges. What was the EBITDA coverage ratio? Round your answer down to the nearest 2 decimals. 3.06 3.09 2.76 2.72 4.86
Transcribed Image Text:Curdle Milk Corp.'s EBITDA last year was $499,300, its interest charges were $60,700, it had to repay $55,700 of long-term debt, and it had to make a payment of $66,900 under a long- term lease. The firm had no amortization charges. What was the EBITDA coverage ratio? Round your answer down to the nearest 2 decimals. 3.06 3.09 2.76 2.72 4.86
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