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Husain, Inc.s income statement and other financial information for the current year is presented below. Hussain, Inc. Income Statement For the year ended December 31

Husain, Inc.s income statement and other financial information for the current year is presented below.

Hussain, Inc.
Income Statement
For the year ended December 31
Sales revenue $ 189,131
Cost of goods sold 70,360

Gross profit 118,771
Selling, general & administrative expenses 12,885

Operating income 105,886
Interest expense 3,747

Income before taxes 102,139
Income tax expense 4,014

Net income $ 98,125

Balance sheet information:
Current assets $ 253,000
Noncurrent assets 506,000
Current liabilities 56,000
Long-term debt 112,000

Using the above information:

Calculate the times interest earned ratio.

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