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What is its times interest earned

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Reference no: EM133030112

Question - Lever Age pays an 10% rate of interest on $9.60 million of outstanding debt with face value $9.6 million. The firm's EBIT was $2.4 million.

Required -

a. What is its times interest earned?

b. If depreciation is $160,000, what is its cash coverage ratio?

Reference no: EM133030112

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