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. PRONGHORN LTD. Statement of Financial Position December 31 (in thousands) Assets Current assets 2018 2017 2016 Cash Accounts receivable $ 30 $ 80 $ 200 900 700 500 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 $ 600 $550 $ 500 Non-current liabilities 3.070 2.320 1,500 Total liabilities Shareholders' equity 3,670 2,870 2,000 Common shares 1,000 1,000 1,000 Retained earnings 1,560 1510 1,400 Total shareholders' equity 2560 2510 2.400 Total liabilities and shareholders' equity $6,230 $5.380 4,400 . 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 1475 1,490 Income from operations 550 425 310 Interest expense 190 130 20 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 2.9 times 6.9 times 2.2 times 5.3 times None of the above