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The following information is available for the year ended 12/31/20 for the LeadMeOn Pencil Co.: Net income $16,000,000 Depreciation expense $6,500,000 Income tax expense $4,320,000

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The following information is available for the year ended 12/31/20 for the LeadMeOn Pencil Co.: Net income $16,000,000 Depreciation expense $6,500,000 Income tax expense $4,320,000 Increase in accounts receivable $1,450,000 Increase in accounts payable $960,000 Cash purchases of property, plant and equipment $7,450,000 What is the Quality of Income ratio for the LeadMe On Pencil Co.? Enter your answer to 2 decimal places. Do not enter your answer as a percentage. Numeric Response

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