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Dandy Co. had operating profit of $250,000. The company paid interest at a rate of...

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Accounting

Dandy Co. had operating profit of $250,000. The company paid interest at a rate of 5% on $250,000 of debt and paid tax of $95,000. The company also paid a dividend of $100,000. The dividend cover ratio was _______________.

Question 12 options:

1.55X

2.00X

1.5X

2.50X

none of the options

Answer & Explanation Solved by verified expert
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