Exhibit 3.1 the Balance Sheet and Income Statement Shown Below Are for Are

question 101

Multiple Choice

Exhibit 3.1
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.

-Refer to Exhibit 3.1.What is the firm's EBITDA coverage?

• A) 3.29
• B) 3.46
• C) 3.64
• D) 3.82
• E) 4.01

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Definitions:

Mesoamerican Mexico

Refers to the region and cultural area in the Americas, made up of Mexico and Central America, known for its pre-Columbian civilizations, such as the Aztec and Maya.

Human Sacrifice

The act of killing one or more humans as part of a ritual, intended to please or appease gods, spirits, or the deceased, found in various cultures throughout history.

Teotihuacán

Refers to an ancient Mesoamerican city located in what is now Mexico, known for its vast size, complex urban layout, and monumental pyramids like the Pyramid of the Sun and the Pyramid of the Moon.

Ritual

A set series of actions performed according to a prescribed order, often with symbolic meaning, used in religious, spiritual, or cultural ceremonies.