The following selected information relates to Candle Company for the past two years. Account Net sales (all credit) Cost of goods sold Gross profit Income from operations Interest expense Net income Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Total long-term assets Total current liabilities Total long-term liabilities Common stock, no par, 2,500 shares, market value $96 per share Retained earnings O 32.00 times O 122.25 times O 22.00 times Current year O 237.25 times $237.250 $115,000 $122,250 $32,000 $1000 $24,000 $22,000 $25,000 $56,000 $2,000 $105,000 $150,000 What is the times-interest-earned ratio for the current year? $60,000 $22,000 $40,000 $133,000 Prior year $180,000 $110,000 $70,000 $30,000 $7,000 $18,000 $14.000 $31,000 $44,000 $1,000 $90,000 $175,000 $90,000 $78,000 $40,000 $57,000

What is the times-interest-earned ratio for the current year? 32.00 times: 12225 times 22.00times 237.25 times