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Calculate Squamish times burden covered ratio

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Reference no: EM132923342

Question - As the financial vice president for Squamish Equipment, you have the following information:

Expected net income after tax next year before new financing: $40 million

Sinking-fund payments due next year on existing debt $14 million

Interest due next year on existing debt $15 million

Company Tax Rate 36%

Common stock price, per share $20

Common shares outstanding

Calculate Squamish's times burden covered ratio for the next year assuming annual sinking fund payments on the new debt will equal $8 million.

Reference no: EM132923342

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