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Packard Corporation reports the following information: Net cash provided by operating activities $285,000 Average current liabilities 50,000 Average long-term liabilities 100,000 Dividends declared 60,000 Capital
Packard Corporation reports the following information:
Net cash provided by operating activities | $285,000 |
Average current liabilities | 50,000 |
Average long-term liabilities | 100,000 |
Dividends declared | 60,000 |
Capital expenditures | 110,000 |
Payments of debt | 35,000 |
Packard's cash debt coverage is
Group of answer choices
a. 1.90.
b. 1.14.
c. 2.85.
d. 4.75.
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