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Lucas Company Has Provided the Following Information: • Cash Flow

Question 37

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
What was Lucas' cash coverage ratio?


A) 21.0
B) 31.8
C) 21.2
D) 31.0

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