Joe Novak Corporation Reports the Following Information Joe Novak's Cash Debt Coverage Ratio Is
A)0

Multiple Choice

Joe Novak Corporation reports the following information: $\begin{array}{lr}\text { Net cash provided by operating activities } & \$ 215,000 \\\text { Average current liabilities } & 150,000 \\\text { Average long-term liabilities } & 100,000 \\\text { Dividends declared } & 60,000 \\\text { Capital expenditures } & 110,000 \\\text { Pavments of debt } & 35,000\end{array}$ Joe Novak's cash debt coverage ratio is

A) 0.86.
B) 1.43.
C) 2.15.
D) 4.78.