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
Correct Answer:
Verified
Correct Answer:
Verified
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