Question 6 Melon, Inc. provides the following income statement for 20X9: $240,000 110.000 $130,000 45,000 Net Sales Cost of Goods Sold Gross Profit 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 12.000 57.000 $73,000 (27,000) (1000) (28.000 $45,000 5100 $39,900 Calculate the times-interest-earned ratio. 46.00 times 0 73.00 times 45.00 times 39.90 times