Question
Lucas Company has provided the following information: Cash flow from operating activities, $361,400 Net income, $308,800 Interest expense, $32,100 Interest cash payments, $21,400 Income tax
Lucas Company has provided the following information: Cash flow from operating activities, $361,400 Net income, $308,800 Interest expense, $32,100 Interest cash payments, $21,400 Income tax payments, $254,000 Income tax expense, $247,400 What was Lucas' times interest earned ratio?
29.76
18.33
27.30
18.20
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Financial Accounting Tools For Business Decision Making
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
8th Edition
1119316022, 978-1119316022
