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Garnet Company reported the following on its income statement: Income before income taxes$450,000Income tax expense52,000Net income$398,000 An analysis of the income statement revealed that interest

Garnet Company reported the following on its income statement:

Income before income taxes$450,000Income tax expense52,000Net income$398,000

An analysis of the income statement revealed that interest expense was $50,000. Garnet Company's times interest earned are earned was:

a.10 times.

b.8.1 times.

c.11 times.

d.7.8 times.

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