Deacon Corporation has provided the following financial data from its balance sheet and income statement: Year 2 Year 1 Total assets $ 1,216,000 $ 1,178,000 Total liabilities $ 474,000 $ 470,000 Total stockholders' equity $ 742,000 $ 708,000 Net operating income (income before interest and taxes) $ 68,545 Interest expense $ 24,000 The companys times interest earned ratio for Year 2 is closest to:

Multiple Choice

3.86

1.86

2.86

0.66