The following information comes from the balance sheets and income statements of Crosby Company: As of or for the Year ended December 31 Current Year Cash Accounts receivable Inventory Property and equipment Current liabilities Long-term liabilities Stockholders' equity Net sales revenues Cost of goods sold Operating expenses Interest expense Income tax expense $ 12,800 19,800 33,600 120,000 39,200 61,000 86,000 364,000 232,000 88,000 7,000 9,800 What is the times interest earned ratio for the current year? Prior Year $ 11,600 23,600 29,000 117,000 39,200 58,000 84,000 323,000 226,000 83,000 8,000 9,600

The following information comes from the balance sheets and income statements of Crosby Company: What is the times interest earned ratio for the current year