Miggy's Candy Company who make the candy BitBits had sales last year were $1,435,000, its operating expenses were $1,350,000, and its interest charges/expense were $15,000. What was the firm's times interest earned (TIE) ratio? Hint: You need to calculate Operating income (Earnings Before Interest and Taxes (EBIT)) to do this problem.

Round the final answer to 2 decimal points.

8.42

8.5

8.29

5.67

1.0