Crates Unlimited reported operating income of $845,000, interest expense of $130,000, and net income of $529,100. The weighted-average number of shares of common stock outstanding during the year was 150,000 shares. What is the times-interest-earned ratio? (Round your final answer to two decimal places.)

A. 4.07

B. 5.07

C. 6.50

D. 7.50