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