Pettijohn Inc. The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $). Assets 2016 Cash and sccuritics $ 1,554.0 Accounts receivable 9,660.0 Inventories 13,440.0 Total current assets $24,654,0 Net plant and equipment 17,346.0 $42,000.0 Total assets Liabilities and Equity Accounts payable $ 7,980,0 Notes payable 5,880.0 Accruals 4,620.0 Total current liabilities $18.480.0 Long-term bonds 10.920,0 Total debt $29,400.0 3,360.0 Common stock Retained camings 9,240,0 Total common cquity $12,600.0 Total liabilities and equity $42.000.0 2016 Income Statement (Millions of $). $58,800.0 Net sales $54,978.0 Operating costs except depr'n $ 1,029.0 Depreciation $ 2,793.0 Earnings bef int and taxes (EBIT) Less interest 1,050.0 $ 1,743.0 Earnings before taxes (EBT) $ 610.1 Taxes $ 1,133.0 Net income Other data: Shares outstanding (millions) 175.00 $ 509.83 Common dividends 6.25% Int rate on notes payable & L-T bonds 35% Federal plus state income tax rate Year-end stock price $77.69 Refer to the data for Pettijohn Inc. What is the firm's EBITDA coverage? O a. 4.01 O b. 3.82 O c. 3.29 O d. 3.64 O e. 3.46