Sectors, Inc., has an EBIT of $7,221,643 and interest expense of $611,800. Its depreciation for the year is $1,434,500. What is its cash coverage ratio?
A) 15.42 times
B) 18.34 times
C) 14.15 times
D) None of the above
Answer: C) 14.15 times
Business
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Chelsea Fashions is expected to pay an annual dividend of $0.80 a share next year. The market price of the stock is $22.40 and the growth rate is 5 percent. What is the firm's cost of equity?
A. 7.58 percent B. 7.91 percent C. 8.24 percent D. 8.57 percent E. 9.00 percent
Business
If the probability associated with the calculated or observed value of the test statistic (TS CAL) is greater than the level of significance (?), the null hypothesis is rejected
Indicate whether the statement is true or false
Business