The following income statement has been provided by Genetic Corporation: Sales $1,000,000 Less cost of goods sold 600,000 Gross margin 400,000 Less operating expenses 250,000 Net operating income 150,000 Less interest expense 30,000 Income before taxes 120,000 Less income taxes (40%) 48,000 Net income $ 72,000 The company's times interest earned ratio for the year is: