The balance sheet and income statement for the year ended 2048 indicate the following: Bonds payable, 10% (issued 20x8, due 2022) Preferred 5% stock, $100 par (no change during year) Common stock, $50 par (no change during year) Income before income tax for year Income tax for year Common dividends paid Preferred dividends paid $1,200,000 350,000 2,100,000 3100,000 72,000 58,000 16,300 Based on the data presented above, what is the times interest earned? a. 29 b. 2.6 c. 3.6 d. 0.7 The balance sheets at the end of each of the first two years of operations indicate the following: 20Y8 2017 Total current assets $600,000 $560,000 Total investments 60,000 40,000 Total property, plant, and equipment 900,000 700,000 Total current abilities 125,000 80,000 Total long-term liabilities 350,000 250,000 Preferred 9% stock, $100 par 100,000 100,000 Common stock, $10 par 600,000 600,000 Pald.in capital in excess of par--common stock 60,000 60,000 Retained earnings 325,000 210,000 Based on the above information, it net income is $130,000 and interest expense is $40,000 for 2018, and the market price is $40, what is the price-earnings ratio on common stock (rounded to one decimal place)? 3.184 b. 149 C. 173 d. 19.8