For the most recent year, Park Enterprises had sales of $689,000, cost of goods sold of $470,300, depreciation expense of $60,000, and additions to retained earnings of $48,700. The firm currently has 12,000 shares of common stock outstanding, and the previous years's dividends per share were $1.50. Assuming a 35% tax rate, what was the times interest earned ratio?

1.25 or

4.56 or

2.83 or

5.25 or

3.99