Question
Can you show your work in excel please

Given the following information, calculate the debt coverage ratio for this investment: potential gross income: $120,000; vacancy rate: 9%; net operating income: $57,900, operating expenses: $51,300; acquisition Price: $520,000; debt service: $40,000. Please show your work. Please put the actual numerical answer in the text box.
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Answer #1

Debt coverage ratio for investment = net operating income/ Total debt

= $57900 / $40000 = $1.4475 times

note: in the question net operating income and total debt are given.

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