Condensed statement of financial position and income statement data for Pronghorn Ltd. are shown below. You are required to calculate certain financial ratios. Round your final results to one decimal place. Assets PRONGHORN LTD. Statement of Financial Position December 31 (in thousands) 2018 2017 2016 Current assets Cash 30 $ 80 $ 200 Accounts receivable 900 700 500 Inventory 1,200 800 500 Total current assets 2.130 1.580 1.200 Property, plant, and equipment (net) 4.100 3.800 3.200 Total assets $6,230 $5.380 $4.400 Liabilities and Shareholders' Equity Liabilities Current liabilities Total liabilities Shareholders' equity Common shares Retained earnings $ 600 $ 550 $ 500 Non-current liabilities 3.070 2.320 1500 3.670 2.870 2.000 1,000 1,000 1,000 1560 1.510 1400 Total shareholders' equity 2.560 2.540 2.100 Total liabilities and shareholders' equity $6.230 $5.380 $1.100 Sales (all on credit) Cost of goods sold PRONGHORN LTD. Income Statement Year Ended December 31 (in thousands) 2018 2017 2016 $4.500 2,500 $4,000 $3,600 2.100 1,800 PRONGHORN LTD. Income Statement Year Ended December 31 (in thousands) 2018 2017 2016 Sales (all on credit) $4.500 $4.000 $3,600 Cost of goods sold 2,500 2,100 1.800 Gross profit 2,000 1,900 1,800 Operating expenses 1450 1.475 1.490 Income from operations 550 425 310 Interest expense 190 130 70 Income before income tax 360 295 240 Income tax expense 90 75 60 Net income $ 270 $ 220 $ 180 The times interest earned for 2018 is 9.9 times 6.9 times 2.2 times 5.3 times None of the above