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Balance sheet and income statement data indicate the following:

Bonds payable, $6\%($due in $15$ years$)$

Income before income tax for year

Income tax for year

Interest payable

Interest receivable

$$1,200,000$

$320,000$

$80,000$

$33,000$

$19,000$

Assuming bond interest is the only interest expense and there is no bond premium or discount, what is the times interest earned ratio? $($Round $t$

a$.4\mathrm{.}33$

b$.4\mathrm{.}00$

c$.5\mathrm{.}44$

d$.5\mathrm{.}00$

d$.$