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Lee Company has provided the following information: Cash flow from operating activities, $251,000 Net income, $193,000 Interest expense, $31,000 Interest cash payments, $21,000 Income tax

Lee Company has provided the following information:

  • Cash flow from operating activities, $251,000
  • Net income, $193,000
  • Interest expense, $31,000
  • Interest cash payments, $21,000
  • Income tax payments, $151,000
  • Income tax expense, $147,000

What was Lee's cash coverage ratio?

20.43

10.21

11.95

9.00

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