The following information was available for the year ended December 31, 2019: Earnings before interest and taxes (operating income) Interest expense Income tax expense Net income Total assets at year-end Total liabilities at year-end $ 50,000 10,000 12,000 28,000 200,000 120,000 The times interest earned for the year ended December 31, 2019 was: Multiple Choice 2.8 times 4.2 times 5.0 times 6.0 times