The following financial data is provided for Jacquie Company:

JACQUIE COMPANY

Balance Sheet

As of 31 December

Cash	$ 90,000		Current liabilities	$142,500
Accounts receivable	70,000		Bonds payable	145,000
Inventory	140,000		Common stock	125,000
Plant assets (net)	200,000		Retained earnings	87,500
Total assets	$500,000		Total liabilities and shareholders' equity	$500,000

Sales revenue for the year was $1,400,000, gross profit was $320,000, and net income was $85,000. One year ago, accounts receivable was $76,000, inventory was $110,000, total assets was $460,000, and shareholders equity was $170,000. If the company's interest expense was $12,000 and its income tax expense $10,000, what was the company's interest coverage ratio for the year?

	A.	4.62
	B.	8.08
	C.	8.92
	D.	7.08