How would I calculate EBIT with net income if I’m given the tax rate but don’t have sales to calculate the tax expense? I need to find the cash coverage ratio which=(EBIT+Depreciation)/Interest ExpenseThis is the problem:Titan Inc.âs net income for the most recent year was $8,320. The tax rate was 34 percent. The firm paid $1,940 in total interest expense and deducted $2,730 in depreciation expense. What was Titanâs cash coverage ratio for the year?
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