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