Given the information below, what is the debt service coverage ratio? CFADS= $53,550 and two...
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Accounting
Given the information below, what is the debt service coverage ratio?
CFADS= $53,550 and two monthly payments for a loan and a loan commitment, respectively: $417 and $1,425
Formula:
Business Debt Service Coverage Ratio = Cash Flow Available for Debt Service (CFADS) / Total Debt Service (annual
A) 2.22
B) 2.32
C) 2.42
D)2.52
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