Hartzog Corporation's most recent balance sheet and income statement appear below: Statement of Financial Position December 31, Year 2 and Year 1 (in thousands of dollars) Year 2 Year 1 Assets Current assets: Cash $220 $190 Accounts receivable 340 320 Inventory 170 260 Prepaid expenses 40 40 Total current assets 770 810 Plant and equipment, net 830 840 Total assets $1,600 $1,650 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $185 $210 Accrued liabilities 20 20 Notes payable, short term 80 120 Total current liabilities 285 350 Bonds payable 200 220 Total liabilities $485 $570 Stockholders' equity: Preferred stock, $100 par value, 5% 100 180 Common stock, $2 par value 520 520 Additional paid-in capital--common stock 190 190 Retained earnings 305 190 Total stockholders' equity 1,115 1,080 Total liabilites & stockholders' equity $1,600 $1,650 Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars) Sales (all on account) $2,850 Cost of goods sold 1,710 Gross margin 1,140 Selling and administrative expense 838 Net operating income 302 Interest expense 45 Net income before taxes 257 Income taxes (30%) 77 Net income $180 Dividends on common stock during Year 2 totaled $60 thousand. Dividends on preferred stock totaled $5 thousand. The market price of common stock at the end of Year 2 was $7.04 per share. The times interest earned for Year 2 is closest to: