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In the current year, a corporation had sales of $500,000, net income of $90,000, interest expense of $30,000, and tax expense of $30,000. Its net

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In the current year, a corporation had sales of $500,000, net income of $90,000, interest expense of $30,000, and tax expense of $30,000. Its net sales were $1,00,000 and its cost of goods sold was $200,000. What was its times interest earned for the year? O 5.00 1.50 O 3.00 5.50 0 0.67

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