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Lever Age pays an 8% rate of interest on $10 million of outstanding debt with face value $10 million The firm s EBIT was $1 million a What is times interest earned b If depreciation is

Lever Age pays an 8% rate of interest on $10 million of outstanding debt with face value $10 million. The firm s EBIT was $1 million. a. What is times interest earned? b. If depreciation is $200,000, what is its cash coverage?
 

May 23 2020 View more View Less

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