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Delectable Parsnip, Inc.’s, net income for the most recent year was $15,221. The tax rate was...

Delectable Parsnip, Inc.’s, net income for the most recent year was $15,221. The tax rate was 23 percent. The firm paid $5,010 in total interest expense and deducted $5,447 in depreciation expense.

What was the company’s cash coverage ratio for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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