Melon, Inc. provides the following income statement for 20X9: Net Sales $240,000 Cost of Goods Sold 110,000 Gross Profit $130,000 45,000 12.000 57,000 $73,000 Operating Expenses: Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Loss on Sale of Capital Assets Interest Expense Total Other Income and (Expenses) Income Before Income Taxes Income Tax Expense Net Income (25,000) (1000) (26,000) $47,000 5600 $41,400 Calculate the times-interest-earned ratio. 48.00 times 47.00 times 41.40 times 73.00 times