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

Multiple Choice

For the most recent year,Wilson Enterprises had sales of $689,000,cost of goods sold of $470,300,depreciation expense of $61,200,and additions to retained earnings of $48,560.The firm currently has 12,000 shares of common stock outstanding,and the previous year's dividends per share were $1.18.Assuming a 35 percent tax rate,what was the times interest earned ratio?

A) 1.47
B) 2.09
C) 2.58
D) 3.15
E) 3.67