Cutsinger Corporation Has Provided the Following Data from Its Most

Multiple Choice

Cutsinger Corporation has provided the following data from its most recent income statement:
$\begin{array}{lr}\text { Net operating income }&\$55,000\\\text {interest expense. }&\$43,000\\\text { Net income before taxes. }&\$12,000\\\text { income taxes }&\$4,000\\\text {Net income. }&\$8,000\\\end{array}$
The times interest earned ratio is closest to:

A) 1.83
B) 0.28
C) 1.28
D) 0.19