Laser Performance Inc What Is the Current Cash Debt Coverage?
A) 1

question 215

Multiple Choice

Laser Performance Inc. has the following information available (amount in thousands) . $$\begin{array} { l r } \text { Net Income } & \$ 30,000 \\\text { Average Total Liabilities } & 80,000 \\\text { Average Current Liabilities } & 36,000 \\\text { Cash Provided by Operations } & 48,000 \\\text { Cash Sales } & 130,000 \\\text { Capital Expenditures } & 22,000 \\\text { Dividends Paid } & 6,000\end{array}$$ What is the current cash debt coverage?

• A) 1.333 times.
• B) .600 times .
• C) .833 times .
• D) .369 times.

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