Lucas Company Has Provided the Following Information

question 58

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.
What was Lucas' times interest earned ratio?

• A)18.9
• B)19.4
• C)28.3
• D)31.0

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