The Following Information Comes from the Balance Sheets and Income

Multiple Choice

The following information comes from the balance sheets and income statements of Crosby Co.: $$\begin{array} { l r r } & \text { As of or for the Year ended Decermber 31 } \\& \text { Curent Year } & { \text { Prior Year } } \\\text { Cash } & \$ 24,000 & \$ 20,000 \\\text { Accourts receivable } & 38,000 & 44,000 \\\text { Irventory } & 64,000 & 50,000 \\\text { Property ard equipment } & 224,000 & 218,000 \\\text { Current liabilities } & 88,000 & 80,000 \\\text { Long-term liabilities } & 106,000 & 100,000 \\\text { Stockholders equity } & 156,000 & 152,000 \\\text { Net sales reverules } & 680,000 & 630,000 \\\text { Cost of goods sold } & 440,000 & 420,000 \\\text { Operating expenses } & 160,000 & 150,000 \\\text { Interest expense } & 10,000 & 8,000 \\\text { Income tax expense } & 18,000 & 16,000\end{array}$$ What is the times interest earned ratio for the current year?

A) 2.2
B) 5.2
C) 6.2
D) 8.0