Sheehan, Inc. provides the following income statement for 2017:

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 Operating Expenses	57,000
Operating Income	$73,000
Other Revenues and (Expenses):
Loss on Sale of Capital Assets	(27,000)
Interest Expense	(1,000)
Total Other Revenues and (Expenses)	(28,000)
Income Before Income Taxes	$45,000
Income Tax Expense	5,300
Net Income	$39,700

Calculate the times-interest-earned ratio. (Round your answer to two decimal places.)

A. 46.00 times

B. 45.00 times

C. 39.70 times

D.7 3.00 times