Cash Sanchez Corporation Selected Financial Information Accounts receivable (net) Inventories Total current assets Long-term assets Current liabilities Long-term liabilities 12/31/X2 12/31/X1 $ 20,000 $ 25,000 100,000 110,000 190,000 155,000 310,000 290,000 230,000 210,000 200,000 190,000 40,000 50,000 Shareholders' equity 300,000 260,000 Net income $ 40,000 Interest expense Income tax expense 10,000 20,000 The times interest earned ratio is: