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Lee Company Has Provided the Following Information: • Cash Flow

Question 116

Multiple Choice

Lee Company has provided the following information: • Cash flow from operating activities,$240,000
• Net income,$204,000
• Interest expense,$20,000
• Interest cash payments,$10,000
• Income tax payments,$140,000
• Income tax expense,$136,000
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What was Lee's times interest earned ratio?


A) 39.0
B) 18.0
C) 35.4
D) 17.7

Correct Answer:

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