Peartree Inc. provides the following income statement for the year 2015:

	2015
Net Sales	$240,000
Cost of Goods Sold	110,000
Gross Profit	$130,000
Operating Expenses:
Selling Expenses	45,000
Administrative expenses	12,000
Total Expenses	57,000
Operating Income	$73,000
Other Revenues and (Expenses):
Loss of sale of capital assets	(23,000)
Interest Expense	(1,000)
Total Other Revenues and (Expenses)	(24,000)
Income Before Taxes	$49,000
Income Tax Expense	5,000
Net Income	$44,000

Calculate the times interest earned ratio