The Following Information Was Available for the Year Ended December

Multiple Choice

The following information was available for the year ended December 31, 2019: $$\begin{array} { l r } \text { Earnings before interest and taxes (operating income) } &\$ 50,000 \\\text { Interest expense } & 10,000 \\\text { Income tax expense } & 12,000 \\\text { Net income } & 28,000 \\\text { Total assets at year-end } & 200,000 \\\text { Total liabilities at year-end } & 120,000\end{array}$$ The times interest earned for the year ended December 31, 2019 was:

A) 2.8 times
B) 4.2 times
C) 5.0 times
D) 6.0 times