The statement of income for Bob's Beanery Ltd appears below:

Bob's Beanery Ltd
Statement of Income
Year Ending December 31, 2014
Sales revenues		$100,000
Less: Cost of goods sold		(70,000)
Gross profit		30,000
Wage expense		5,000
Interest expense-current liabilities		4,000
Interest expense-long term liabilities		6,000
Supplies expense		1,000
Rent expense		4,000
Income before taxes		10,000
Income taxes		3,000
Net Income		$7,000

What was the times-interest-earned ratio for the year ending December 31, 2014?

A. 1.70 times

B. 2.00 times

C. 2.67 times

D. 3.50 times