Lasch Corporation has provided the following financial data from its balance sheet and income statement:

	Year 2	Year 1
Total assets	$1,333,000	$1,320,000
Accounts payable	$158,000	$160,000
Accrued liabilities	$43,000	$40,000
Notes payable, short term	$47,000	$50,000
Bonds payable	$250,000	$250,000
Total liabilities	$498,000	$500,000
Total stockholders' equity	$835,000	$820,000

Income StatementYear 2 For the Year Ended December 31, Year 2
Sales (all on account)	$1,250,000
Cost of goods sold	840,000
Gross margin	410,000
Operating expenses	366,286
Net operating income	43,714
Interest expense	18,000
Net income before taxes	25,714
Income taxes (30%)	7,714
Net income	$18,000

The company's times interest earned for Year 2 is closest to:

1.43

3.47

2.43

1.00