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The following information was available for the year ended December 31, 2019: Earnings before interest and taxes (operating income) $ 50,000 Interest expense 10,000 Income

The following information was available for the year ended December 31, 2019:

Earnings before interest and taxes (operating income) $ 50,000

Interest expense 10,000

Income tax expense 12,000

Net income 28,000

Total assets at year-end 200,000

Total liabilities at year-end 120,000

The times interest earned for the year ended December 31, 2019 was:

Multiple choice:

4.2 times

5.0 times

6.0 times

2.8 times

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