26) Use the below information to answer the following question. 26) Income Statement Net sales COGS Depreciation EBIT Interest Taxable income Taxes Net income For the Year $631.000 442.200 28.100 $160.700 14.900 $145.800 49.600 5 96 200 Balance Shee: Begining ef Yee End et Yea Cash Accounts receivable Inventory Net fixed assets Total assets s 38.200 91.400 203.900 S 43.700 86.150 214,600 537.950 S882.400 $849.600 $104.300 Accounts payable Long-term debt Common stock ($1 par value) Retained earnings Total Liab. & Equity What is the times interest earned ratio for the year? $136.100 329,500 75.000 309 000 $849,600 298.200 82.000 397.900 $882.400 E) 16.05 D) 14.97 C) 6.46 B) 10.79 A) 9.63