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Lucas Company has provided the following information: Cash flow from operating activities: $360,700. Net income: $307,400, Interest expense: $31,050, Interest cash payments $20,700, Income tax
Lucas Company has provided the following information: Cash flow from operating activities: $360,700. Net income: $307,400, Interest expense: $31,050, Interest cash payments $20,700, Income tax payments: $247,000, Income tax expense $246,700 Using the modified method what was Lucas's cash coverage ratio? 20.56 or 30.36 or 20.57 or 30.80
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