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Packard Corporation reports the following information: Net cash provided by operating activities $285,000 Average current liabilities 50,000 Average long-term liabilities 100,000 Dividends declared 60,000 Capital

Packard Corporation reports the following information:

Net cash provided by operating activities $285,000
Average current liabilities 50,000
Average long-term liabilities 100,000
Dividends declared 60,000
Capital expenditures 110,000
Payments of debt 35,000

Packard's cash debt coverage is

Group of answer choices

a. 1.90.

b. 1.14.

c. 2.85.

d. 4.75.

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