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Category > Business & Finance Posted 25 May 2017 My Price 7.00

L e v e r a g e Ratios

L e v e r a g e Ratios. Lever Age pays an 8 percent coupon on 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 cash coverage?

c. If the firm must retire $300,000 of debt for the sinking fund each year, what is its “fixed- payment cash-coverage ratio” (the ratio of cash flow to interest plus other fixed debt pay- ments)?

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Status NEW Posted 25 May 2017 06:05 PM My Price 7.00

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