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
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What was Lucas' times interest earned ratio?
A) 18.9
B) 19.4
C) 28.3
D) 31.0
Correct Answer:
Verified
Correct Answer:
Verified
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