Use the below information to answer the following question. Income Statement Net sales COGS Depreciation EBIT For the Year $631,000 442,200 28,100 $160,700 14,900 $145,800 49,600 $ 96,200 Interest Taxable income Taxes Net income End of Year Cash Accounts receivable Inventory Net fixed assets Total assets Balance Sheet Beginning of Year $ 38,200 91,400 203,900 516,100 $849,600 $ 43,700 86,150 214,600 537.950 $882,400 $136,100 329,500 Accounts payable Long-term debt Common stock ($1 par value) Retained earnings Total Liab. & Equity $104,300 298, 200 82.000 75,000 309,000 397 900 $849.600 $882,400 What is the times internst earned ratin for the var? Balance Sheet Beginning of Year End of Year Cash $ 38,200 $ 43,700 Accounts receivable 86,150 214,600 Inventory Net fixed assets 91,400 203,900 516,100 $849,600 537,950 $882,400 Total assets $104,300 298,200 82,000 Accounts payable $136,100 Long-term debt 329,500 Common stock ($1 par value) 75,000 Retained earnings 309,000 Total Liab. & Equity $849,600 What is the times interest earned ratio for the year? 397,900 $882,400 Select one: + A. 10.79 B. 6.46 e c. 14.97 1 D. 16.05 @ E 9.63