The Following Information Was Obtained from Quayle Company's Income Statement

Multiple Choice

The following information was obtained from Quayle Company's income statement: $\begin{array}{lr}\text { Income before Interest and Income Tax Expense } & \$ 685,000 \\\text { Interest Expense } & 75,000 \\\text { Income before Income Tax Expense } & 610,000 \\\text { Income Tax Expense } & 213,500 \\\text { Net Income } & \$ 396,500\end{array}$ What is the times interest earned ratio?

A) 5.29
B) 8.13
C) 9.13
D) 1.73