The following information was obtained from Quayle Companys income statement:

Income before Interest and Income Tax Expense	$696,000
Interest Expense	80,500
Income before Income Tax Expense	615,500
Income Tax Expense	230,000
Net Income	$385,500

What is the times interest earned ratio?

a. 4.79

b. 7.65

c. 8.65

d. 1.81