Intermediate Accounting, 10 Ed
10th Edition
ISBN: 9781260310177
Author: Mark W. Nelson, Wayne B. Thomas J. David Spiceland
Publisher: McGraw-Hill Education
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Talon Ridge Lodge has annual sales of $812,500. Earnings before interest and taxes is equal to 19 percent of sales. For the period, the firm paid $9,200 in interest. What is the profit margin if the tax rate is 32 percent? Talon Ridge Lodge has annual sales of $812,500. Earnings before interest and taxes is equal to 19 percent of sales. For the period, the firm paid $9,200 in interest. What is the profit margin if the tax rate is 32 percent?
What is its cash coverage ratio?
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