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Question
during 2012, jennifer industries reported cash provided by operations of $280,000,000, cash used in investing of $343,000,000, and cash used in financing of $45,000,000. in addition, cash spent for fixed assets during the period was $138,000,000. average current liabilities were $325,000,000 and average total liabilities were $858,000,000. no dividends were paid. based on this information, what was jennifer's current cash debt coverage ratio?
a.1.16 times
b.2.03 times
c.0.82 times
d.0.86 times
Answer
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