$3.$ Balance sheet and income statement data indicate the following:

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

Preferred $8\%$ stock, $$100$ par

$($no change during the year$)$

Common stock, $$50$ par

$($no change during the year$)$

Income before income tax for year

Income tax for year

Common dividends paid

Preferred dividends paid

$$1,369,148$

$200,000$

$1,000,000$

$333,924$

$100,177$

$60,000$

$16,000$

Based on the data presented, what is the times interest earned ratio $($round to two decimal places$)?$

a$.5\mathrm{.}06$

b$.4\mathrm{.}06$

c$.1\mathrm{.}85$

d$.2\mathrm{.}85$