PVA Inc's net income for the most recent year was $16,085. The tax rate was 40 percent. The firm paid $3,896 in total interest expense and deducted $2,575 depreciation expense. in What was the cash coverage ratio for the year?

PVA Inc's net income for the most recent year was $16,085. The tax rate was 40 percent. The firm paid $3,896 in total interest expense and deducted $2,575 depreciation expense. in What was the cash coverage ratio for the year?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...

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Question

What was the cash coverage ratio for the year?

PVA Inc's net income for the most
recent year was $16,085. The tax
rate was 40 percent. The firm paid
$3,896 in total interest expense
and deducted $2,575
depreciation expense.
in
What was the cash coverage ratio
for the year?

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