Balance Sheet and Income Statement Data Indicate the Following Based on the Data Presented Above, What Is the Times

Multiple Choice

Balance sheet and income statement data indicate the following: $$\begin{array} { l r } \text { Bonds payable, } 6 \% \text { (due in } 15 \text { years) } & \$ 1,200,000 \\\text { Income before income tax for year } & 320,000 \\\text { Income tax for year } & 80,000 \\\text { Interest payable } & 33,000 \\\text { Interest receivable } & 19,000\end{array}$$
Based on the data presented above, what is the times interest earned ratio? (Round to two decimal places.)

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