Friendly's Shoe Store has earnings before interest and taxes of $21,680 and net income of $12,542. The tax rate is 34 percent. What is the times interest earned ratio?

A. 0.88 B. 1.67

C. 3.09 D. 5.59 E. 8.10

EBIT/Interest

This is my last question of my homework and I am having a bit of trouble figuring out the correct answer. When posting a solution could you please show work, so I can figure out where I am going wrong.

Thanks!