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Lucas Company has provided the following information: Cash flow from operating activities, $362,500 Net income, $311,000 Interest expense, $33,750 Interest cash payments, $22,500 Income tax

Lucas Company has provided the following information:

Cash flow from operating activities, $362,500

Net income, $311,000

Interest expense, $33,750

Interest cash payments, $22,500

Income tax payments, $265,000

Income tax expense, $248,500

Using the modified method discussed in the text, what was Lucas' cash coverage ratio?

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