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' 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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