Table 1: Balance Sheet Assets

Item	Number
Cash	140,000
Accounts Receivable	120,000
Short-Term Marketable Securities	130,000
Inventories	150,000
Gross Fixed Assets	12,000,000
Depreciation	2,000,000
Net Fixed Assets	10,000,000
Total Assets	10,140,000

Table 2: Balance Sheet Liabilities

Item	Number
Accounts Payable	300,000
Accruals	200,000
Short-Term Debt	400,000
Long-Term Debt	10,000,000
Common Stock	20,000,000
Retained Earnings	500,0000
Total Equity	2,050,000

Table 3: Income Statement

Item	Number
Sales	50,000,000
COGS	30,000,000
Other Expenses	10,000,000
EBITDA	10,000,000
Depreciation & Amortization	2,000,000
EBIT	8,000,000
Interest	3,000,000
EBT	5,000,000
Taxes	1,000,000
Net Income	4,000,000

Table 4: Other Data

Number of Shares	2,750,862
EPS	$2.75
DPS	$4.75
Stock Price	$45.90
Lease pmts	$40,000

What is the TIE Ratio for ACME Company?

1.97

2.02

2.09

2.32

2.66