For the Most Recent Year, Wilson Enterprises Had Sales of $689,000

Multiple Choice

For the most recent year, Wilson Enterprises had sales of $689,000, cost of goods sold of $492,300, depreciation expense of $61,200, additions to retained earnings of $48,560, and dividends per share of $2.18.There are 12,000 shares of common stock outstanding and the tax rate is 35 percent.What is the times interest earned ratio?

A) 5.47
B) 5.09
C) 6.59
D) 7.15
E) 3.67