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

Question

Quizplus · Accepted Answer

The Answer of 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

Lucas Company Has Provided the Following Information: • Cash Flow