The Wendell Corporation reported the following income statement and balance sheet amounts and additional information for the end of the current year End of prior End of current year year Net sales revenue (all credit) $1,220,000 Cost of goods sold $725,000 Gross profit $495,000 Selling general expenses $280,000 Interest expense $49,000 Net Income $166,000 Current assets $113,000 $82,000 Long-term assets $512,000 $440,000 Total assets $625,000 $522,000 Current liabilities $57.000 $52,000 Long-term liabilities $275,000 $245,000 Common stockholders' equity $293,000 $225,000 Total liabilities and stockholders' equity $625,000 $522,000 Inventory and prepaid expenses account for $30,000 of the current year's current assets. Average inventory for the current year is $36,250 Average net accounts receivable for the current year is $45,000 There are 35,000 shares of common stock outstanding, Total dividends paid during the current year were $17,000 The market price per share of common stock is $20. What is the times - interest - earned ratio for the current year? A 4.39 times B. 1 times @ C. 1.9 times D. 0.23 times Custom Creations Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the past year include: Depreciation on sales office $ 9,100 Depreciation on factory equipment 16,700 Factory supervisor salary 50,800 Sales commissions 23,600 Lubricants used in factory equipment 3,600 Insurance costs for factory 21,900 Wages paid to maintenance workers 115,600 Fabric used to upholster furniture 10,300 Freight - in (on raw materials) 3,700 Costs of delivery to customers 9,700 Wages paid to assembly - line workers 115,500 Lumber used to build product 82,300 Utilities in factory 54,700 Utilities in sales office 26,800 Direct material costs for Custom Creations Furniture Company totaled A. $82,300 B. $96,300 C. $92,600 OD. $10,300