Balance Sheet and Income Statement Data Indicate the Following Based on the Data Presented Above,what Is the Number of

Multiple Choice

Balance sheet and income statement data indicate the following: $\begin{array}{l}\begin{array}{lll}\text { Bonds payable,6 \% due in 15 years } \\\text { Preferred 8 \% stock,\$ 100 par } \\ \text { no change during the year } \\\text { Common stock, \$ 50 par } \\\text { no change during the year } \\\text { Income before income tax for year } \\\text { Income tax for year } \\\text { Common dividends paid } \\\text { Preferred dividends paid }\\\end{array}\begin{array}{lll} \$1,200,000\\\\200,000\\\\1,000,000 \\320,000\\80,000 \\60,000 \\16,000\end{array}\end{array}$
Based on the data presented above,what is the number of times bond interest charges were earned round to two decimal places?

A) 5.00
B) 5.44
C) 4.00
D) 4.33