The following items have been extracted from the financial statements of Lorien Company for the year 20X1.

Total liabilities	$700
Net income	50
Gross profit	400
EBIT (also called operating income)	220
Sales	1,000
Total assets	1,600
Income tax expense	40
Cost of goods sold	600

Note: This list does not include all of the items in Loriens 20X1 financial statements. However, the list does include all of the items you need to correctly answer the question below. What is the value of Lorien Companys TIMES INTEREST EARNED ratio for 20X1?

1.69

3.08

3.38

3.00

1.29

5.50

4.40

2.69