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:

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Blastocyst

Early stage of human embryonic development that consists of a hollow, fluid-filled ball of cells.

Human Embryo

The early stage of development in humans from the moment of conception until the end of the eighth week, when it is then referred to as a fetus.

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