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TB MC Qu.13-88(Algo) Lee Company has provided the following... Lee Company has provided the...

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Accounting

TB MC Qu.13-88(Algo) Lee Company has provided the following...
Lee Company has provided the following information:
Cash flow from operating activities, $260,000
Net income, $184,000
Interest expense, $40,000
Interest cash payments, $30,000
Income tax payments, $160,000
Income tax expense, $156,000
Using the modified method discussed in the text, what was Lee's cash coverage ratio?
Multiple Choice
7.60
6.00
15.20
15.00
image

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