Lancaster Landscaping Limited Reported the Following on Its Income Statement

Multiple Choice

Lancaster Landscaping Limited reported the following on its income statement: $\begin{array}{lr}\text { Profit before income taxes } & \$ 560,000 \\\text { Income tax expense } & 140,000 \\\text { Profit } & \$ 420,000\end{array}$ An analysis of the income statement revealed that interest expense was $40,000. Lancaster's interest coverage ratio was

A) 15 times.
B) 14 times.
C) 10.5 times.
D) 11.5 times.