Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in two years) $903,000 Preferred 5% stock, $100 par (no change during year) 208,000 Common stock, $50 par (no change during year) 2,052,000 Income before income tax for year 321,000 Income tax for year 79,000 Common dividends paid 102,600 Preferred dividends paid 10,400 Based on the data presented, what is the times interest earned ratio (rounded to one decimal place)? Oa. 4.6 Ob. 6.1 Oc. 2.6 Od. 3.6