Balance sheet and income statement data indicate the following: Common stock, $50 par (no change during year) Income before income tax for year Bonds payable, 10% (due in two years) $896,000 Preferred 5% stock, $100 par (no change during year) 267,700 1,844,500 381,895 79,825 92,225 13,385 89,600 Income tax for year Common dividends paid Preferred dividends paid Interest expense Based on the data presented, what is the times interest earned ratio? Round your answer to two decimal places. 2.35 3.26 0.43 5.26