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TB MC Qu. 13-88 (Static) Lee Company has provided the following... Lee Company has provided the following information: Cash flow from operating activities, $240,000 Net

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TB MC Qu. 13-88 (Static) Lee Company has provided the following... Lee Company has provided the following information: Cash flow from operating activities, $240,000 Net income, $204,000 Interest expense, $20,000 Interest cash payments, $10,000 Income tax payments, $140,000 Income tax expense, $136,000 Using the modified method discussed in the text, what was Lee's cash coverage ratio? Multiple Choice o 19.8 O 39.0 O 39.6 O 20.0

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