Multiple Choice
Lucas Company has provided the following information: • Cash flow from operating activities,$360,000
• Net income,$306,000
• Interest expense,$30,000
• Interest cash payments,$20,000
• Income tax payments,$240,000
• Income tax expense,$246,000
-
Using the modified method discussed in the text,what was Lucas' cash coverage ratio?
A) 21.0
B) 31.8
C) 21.2
D) 31.0
Correct Answer:
Verified
Correct Answer:
Verified
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