Balance sheet and income statement data indicate the following: Bonds payable, 1096 (due in two years) Preferred 5% stock, $100 par (no change during year) Common stock, $50 par (no change during year) Income before income tax for year Income tax for year Common dividends paid Preferred dividends paid Interest expense $828,000 244,500 2,167,000 355,319 83,282 108,350 12,225 82,800 Based on the data presented, what is the times interest earned ratio? Round your answer to two decimal places. Select the correct answer. 5.29 2.33 3.29 0.43