Lee Company has provided the following information: 3 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 6.50 O 15.86 O 8.04 o 16.07 Which of the following transactions would increase the current ratio of a company if the ratio is currently greater than 1? Multiple Choice Paid the principal on a long-term note payable. Borrowed cash on a short-term note. Sold inventory for more than cost. Purchased supplies with cash