Dandy Co. had operating profit of $250,000. The company paid interest at a rate of...
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Accounting
Dandy Co. had operating profit of $250,000. The company paid interest at a rate of 5% on $250,000 of debt and paid tax of $95,000. The company also paid a dividend of $100,000. The dividend cover ratio was _______________.
Question 12 options:
1.55X
2.00X
1.5X
2.50X
none of the options
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