Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

Exercise 62

In a recent year, Land O' Lakes, Inc. , reported (in millions) Income from Operations of $206, Net Income of $160, Interest Expense of $63, and Income Tax Expense of $15. What was this dairy company's times interest earned ratio (rounded) for the year
A) 1.49
B) 2.53
C) 3.27
D) 3.78