1. Dunded-mifflin had net income of 65,000 interest expense of $50,000, and a tax rate of 35%. If their cash coverage ratio was 4 times, what was their depreciation for the year?
2. Which of the following is not a characteristic of common stock ownership? Residual claimant Unlimited liability Voting rights Limited life of the security.
3. When starting a new company, what should you take into consideration regarding op leverage (operating) and financial leverage? What sort of analysis could one do?Lastly, what would you create and anticipate for each company regarindg financial leverage?