Assume a company's Income Statement for Year 12 is as follows:

Income Statement Data	Year 12 (in 000s)
Net Revenues from Footwear Sales	$ 560,000
Cost of Pairs Sold	340,000
Warehouse Expenses	45,000
Marketing Expenses	85,000
Administrative Expenses	15,000
Operating Profit (Loss)	75,000
Interest Income (Expense)	(25,000)
Pre-tax Profit (Loss)	50,000
Income Taxes	15,000
Net Profit (Loss)	$ 35,000

Based on the above income statement data and the formula for calculating the interest coverage ratio presented on the Help section for p. 5 of the Footwear Industry Report, the company's interest coverage ratio is

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22.4.

3.00.

4.00.

1.40.

2.00.