Question 44 (1.66 points) During 2014, Ecuyer Industries reported cash provided

Question

Question 44 (1.66 points) During 2014, Ecuyer Industries reported cash provided by operations of $397.000,000, cash used in investing of $343,000,000, and cash used in financing of $95,000,000. 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 Ecuyer's current cash debt coverage? 1) 1. 16 times. 2) 2. 88 times. 3) O. 82 times. 4) 1. 22 times.

Explanation / Answer

Ans. Option 4th     1.22 times *Calculation: Cash debt coverage = Cash provided by operating activities / average current liabilities 397000000 / 325000000 1.22 times

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