Lee Company has provided the following information: • Cash flow from operating activities, $258,000 .Net income, $186.000 • Interest expense, $38,000 • Interest cash payments, $28,000 • Income tax payments, $158,000 • Income tax expense, $154,000 Using the modified method discussed in the text, what was Lee's cash coverage ratio? Multiple Choice O 15.86 16.07 8.04 6.50

Lee Company has provided the following information: • Cash flow from operating activities, $258,000 .Net income, $186.000 • Interest expense, $38,000 • Interest cash payments, $28,000 • Income tax payments, $158,000 • Income tax expense, $154,000 Using the modified method discussed in the text, what was Lee's cash coverage ratio? Multiple Choice O 15.86 16.07 8.04 6.50

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Subject :- Accounting
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