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  3. given the information below, what is the debt serv

Given the information below, what is the debt service coverage ratio? CFADS= $53,550 and two...

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Accounting

Given the information below, what is the debt service coverage ratio?

CFADS= $53,550 and two monthly payments for a loan and a loan commitment, respectively: $417 and $1,425

Formula:

Business Debt Service Coverage Ratio = Cash Flow Available for Debt Service (CFADS) / Total Debt Service (annual

A) 2.22

B) 2.32

C) 2.42

D)2.52

Answer & Explanation Solved by verified expert
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