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Lee Company has provided the following information: Cash flow from operating activities, $254,000 .Net income, $190,000 Interest expense, $34,000 Interest cash payments, $24,000 Income

Lee Company has provided the following information: Cash flow from operating activities, $254,000 .Net income, $190,000 Interest expense, $34,000 Interest cash payments, $24,000 Income tax payments, $154,000 *Income tax expense, $150,000 Using the modified method discussed in the text, what was Lee's cash coverage ratio?

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