Whipporwill, Incorporated's, net income for the most recent year was $20,812. The tax rate was...
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Accounting
Whipporwill, Incorporated's, net income for the most recent year was $20,812. The tax rate was 21 percent. The firm paid $3,956 in total interest expense and deducted $5,491 in depreciation expense. What was the cash coverage ratio for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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