
Ultimate access to all questions.
An analyst gathers the following information about a company:
| Item | Canadian Dollars (millions) |
|---|---|
| Cash flow from operating activities (CFO) | 105.9 |
| Cash flow from investing activities | (11.8) |
| Cash flow from financing activities | 46.5 |
| Net change in cash for the year | 140.6 |
| Interest paid (included in CFO) | 22.4 |
| Taxes paid (tax rate of 30%) | 18.0 |
| Total debt, end of year | 512.8 |
The cash flow debt coverage ratio for the year is closest to: