The Balance Sheet and Income Statement Shown Below Are for Pettijohn

question 27

Multiple Choice

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.
-What is the firm's EBITDA coverage?

• A) 3.29
• B) 3.46
• C) 3.64
• D) 3.82

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Definitions:

Dominator

An entity or individual that exercises control or exert supremacy over others in a commanding or dominating manner.

Modeled Behavior

Actions displayed by an individual that serve as a reference for others, potentially influencing their behavior through observation and imitation.

Using Praise

The act of expressing approval or admiration to encourage or reinforce positive behavior or achievements.

Asking Observer

An individual who gathers information by asking questions or seeking insights, often in a learning or investigatory context.