TEW COMPANY Balance Sheet As of December 31 ASSETS Cash $ 20,000 Accounts receivable $ 80,000 Inventory $ 50,000 Net plant and equipment $ 250,000 Total assets $ 400,000 LIABILITIES AND STOCKHOLDERS EQUITY Accounts payable $ 40,000 Accrued expenses $ 60,000 Long-term debt $ 130,000 Common stock $ 100,000 Paid-in capital $ 10,000 Retained earnings $ 60,000 Total liabilities and stockholders equity $ 400,000 TEW COMPANY Income Statement For the year ended December 31 Sales (all on credit) $ 500,000 Cost of goods sold $ 200,000 Gross profit $ 300,000 Sales and administrative expenses $ 20,000 Fixed lease expenses $ 10,000 Depreciation $ 40,000 Operating profit $ 230,000 Interest expense $ 20,000 Profit before taxes $ 210,000 Taxes (35%) $ 73,500 Net income $ 136,500 Refer to the tables above. Times interest earned for Tew Company is ____. Group of answer choices 6.8x 10.5x 25x 11.5x