Lucas Company Has Provided the Following Information

question 62

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
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What was Lucas' times interest earned ratio?

• A)18.9
• B)19.4
• C)28.3
• D)31.0

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Definitions:

Unique Experiences

Events or encounters in one's life that are distinctive and not common, often leaving a lasting impact or creating a sense of individuality.

Shared Family Environment

The aspects of the family setting that individuals have in common and that may affect their development and behavior.

Evolutionary Approach

A perspective in psychology that emphasizes the role of natural selection and adaptation in the development of human behaviors and mental processes.

Ability To Bond

An individual's capacity to form and maintain emotional connections with others.