Simultaneous EUVE/ASCA/RXTE Observations of NGC 5548

We present simultaneous observations by EUVE, ASCA, and RXTE of the type~1 Seyfert galaxy NGC 5548. These data indicate that variations in the EUV emission (at $\sim 0.2 $keV) appear to lead similar modulations in higher energy ($\ga 1 $keV) X-rays by $\sim$10--30 ks. This is contrary to popular models which attribute the correlated variability of the EUV, UV and optical emission in type~1 Seyferts to reprocessing of higher energy radiation. This behavior instead suggests that the variability of the optical through EUV emission is an important driver for the variability of the harder X-rays which are likely produced by thermal Comptonization. We also investigate the spectral characteristics of the fluorescent iron K$\alpha$ line and Compton reflection emission. In contrast to prior measurements of these spectral features, we find that the iron K$\alpha$ line has a relatively small equivalent width ($W_{K\alpha} \sim 100 $eV) and that the reflection component is consistent with a covering factor which is significantly less than unity ($\Omega/2\pi \sim 0.4$--0.5). Notably, although the 2--10 keV X-ray flux varies by $\sim \pm 25$% and the derived reflection fraction appears to be constant throughout our observations, the flux in the Fe~K$\alpha$ line is also constant. This behavior is difficult to reconcile in the context of standard Compton reflection models.