Minden Co has current assets of $180,000 ( cash: $20000, AR $70000, INV $90,000) and long term assets that had cost $400000, with accumulated depreciation to date of $180,000. Sales were $500,000 and operating profit was $50,000. Tax was $20,000 and interest paid was $10,000. A dividend of $10,000 was paid to the common shareholders. There are 1000 shares in issue. Their dividend cover ratio is: a) 5X, b) 3X, c) 2.5X d) 2X e) none of above.