Balance sheet and income statement data indicate the following:

Bonds payable, $10\%($due in $2$ years$)$

$$880,000$

Preferred $5\%$ stock, $$100$ par $($no change during year$)$

$285,500$

Common stock, $$50$ par $($no change during year$)$

$1,676,000$

Income before income tax expense

$344,140$

Income tax expense

$84,512$

Common dividends paid

$83,800$

Preferred dividends paid

$14,275$

Based on the data presented, what is the times interest earned ratio? Round your answer to two decimal places.

a$.2\mathrm{.}56$

b$.0\mathrm{.}39$

c$.2\mathrm{.}91$

d$.4\mathrm{.}91$