Packard Corporation reports the following information:

Net cash provided by operating activities $762,500 Average current liabilities 150,000 Average long-term liabilities 180,000 Dividends declared 60,000 Capital expenditures 477,500 Payments of debt 35,000

Packards cash debt coverage is

a. 1.35

b. 3.05

c. 5.10

d. 2.31