Balance sheet and income statement data indicate the following: Bonds payable, 10% (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 Based on the data presented above, what is the times interest earned ratio (round to two decimal places)? a. 4.67 b. 3.67 c. 2.57 d. 1.57 Balance sheet and income statement data indicate the following: $1,201,424 $200,000 Bonds payable, 10% (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 $1,000,000 $440,555 $132,167 $60,000 $16,000 Based on the data presented above, what is the times interest earned ratio (round to two decimal places)? a. 4.67 Ob. 3.67 Oc. 2.57 d. 1.57