Hsu Company Reported the Following on Its Income Statement Interest Expense Was $80,000

Multiple Choice

Hsu Company reported the following on its income statement:?? $$\begin{array} { l r } \text { Income before income taxes } & \$ 420,000 \\\text { Income tax expense } & 120,000 \\\text { Net income } & \mathbf { \$ 30 0 , 0 0 0 }\end{array}$$ Interest expense was $80,000. Hsu Company's times interest earned ratio is

A) 8 times
B) 6.25 times
C) 5.25 times
D) 5 times