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Assumes that your firm has total sales of $4740, total costs of $2540, and depreciation of...

Assumes that your firm has total sales of $4740, total costs of $2540, and depreciation of $473. The corporate tax rate is 22 percent. If your firm’s cash coverage ratio is 11, then what is the total interest paid?

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Answer #1

Cash coverage ratio is the ratio that determines the amount of cash available to pay the interest expense.

Total interest paid = $200

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