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Lee Company Has Provided the Following Information: • Cash Flow

Question 90
Multiple Choice

Lee Company has provided the following information: • Cash flow from operating activities,$240,000 • Net income,$204,000 • Interest expense,$20,000 • Interest cash payments,$10,000 • Income tax payments,$140,000 • Income tax expense,$136,000 Lee's quality of income ratio is closest to: A)1.18 B)0.85 C)1.76 D)0.74

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Q 92
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
Q 93
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