Lucas Company has provided the following information:

• Cash flow from operating activities, $362,300
• Net income, $310,600
• Interest expense, $33,450
• Interest cash payments, $22,300
• Income tax payments, $263,000
• Income tax expense, $248,300

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

Multiple Choice:

• 19.25

• 28.90

• 29.04

• 19.69