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Packard Corporation reports the following information:Net cash provided by operating activities $215,000 ...

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Accounting

Packard Corporation reports the following information:Net cash provided by operating activities $215,000
Average current liabilities 150,000
Average long-term liabilities 100,000
Dividends declared 60,000
Capital expenditures 110,000
Payments of debt 35,000
Packard's cash debt coverage ratio is
A.0.86.
B.1.43.
C.2.15.
D.4.78.

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