Question
Lucas Company has provided the following information: Cash flow from operating activities, $360,800 Net income, $307,600 Interest expense, $31,200 Interest cash payments, $20,800 Income tax
Lucas Company has provided the following information: Cash flow from operating activities, $360,800 Net income, $307,600 Interest expense, $31,200 Interest cash payments, $20,800 Income tax payments, $248,000 Income tax expense, $246,800 What was Lucas' times interest earned ratio?
30.27
27.71
18.77
18.47
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Management Accounting Principles And Applications
Authors: Hugh Coombs, D Ellis Jenkins, David Hobbs
1st Edition
1412908434, 978-1412908436
