The income statement for Sandhill Construction Company appears below: Net sales (all credit sales) Cost of goods sold Gross margin Operating expenses Interest expense Income before taxes Income tax Net income $271000 121000 150000 51000 33000 66000 16500 $49500 Average total assets total $261000. Sandhill's income tax rate is 25%. What is the times interest earned ratio? 1.74 3.00 2.00 1.50