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Craig Holdings Company has an Earnings before Interest Expense and Income Tax (EBIT) of $90,000, interest expenses of $3,000, depreciation expenses of $1,000 and tax

Craig Holdings Company has an Earnings before Interest Expense and Income Tax (EBIT) of $90,000, interest expenses of $3,000, depreciation expenses of $1,000 and tax expense of $34,000, calculate the company's times interest earned ratio.

Select one:

a. 22 days

b. 12 days

c. 42.2 times

d. 30 times

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