Assets Liabilities and Equity

Cash $8,000$ Accounts payable $21,000$

Marketable securities $2,000$ Notes payable $6,000$

Accounts receivable $5,000$ Current liabilities $27,000$

Inventory $44,000$ Long$-$term debt $95,000$

Current assets $59,000$ Total liabilities $122,000$

Machines $34,000$ Paid$-$in capital $20,000$

Real estate $80,000$ Retained earnings $31,000$

Net fixed assets $114,000$ Equity $51,000$

Total assets $173,000$ Total liab. & equity $173,000$

Line item Value

Sales $83,000$

$-$ Costs $68,060$

$-$ Depreciation $2,000$

$=$ EBIT $12,940$

$-$ Interest $800$

$=$ Taxable income $12,140$

$-$ Taxes $4,006$

$=$ Net income $8,134$ What is the times$-$interest$-$earned ratio?