The following presents the balance sheet for Firm K, along with information from the income statement. If the interest rate charged on Firm K's LT debt is 5%, and 0% for short-term debt, what is the times-interest-earned ratio? Income Statement Information Revenue: 3,500 EBIT: 800 Net Income 200 Total Assets 2,000 o Current Assets: 600 Cash: 100 Receivables: 200 Inventory: 300 a Noncurrent Assets 1,400 Net PPLE: 1,100 Other NCA 300 Total Liabilities: 1,500 o Current Liabilities: 700 Current Debt: 250 Payables: 300 Accruals: 150 o Noncurrent Liabilities: 800 - Long Term Debt: 800 Total Equity: 500 o Common Stock 400 Retained Earnings 100