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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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