Use the following information for JBS Corporation to answer the next question. INCOME STATEMENT Sales Cost of goods sold Gross profit Selling & Administrative Expenses Depreciation Expense Operating Income Interest Expense Earnings Before Taxes Income Taxes (@ 40%) Net Income Dividends paid $45,000 23,000 22,000 13,000 3,000 6,000 412 5,588 2,235 3,353 733 BALANCE SHEET Assets Cash Accounts receivable Inventory Plant & Equipment (net) Land $1,800 7,600 5,220 18,000 1,000 Liabilities Account Payable Notes Payable Accrued expenses Long Term debt 2,600 3,300 3,100 4,000 Stockholders' Equity Par value+paid-in capital Retained Earnings 4,000 16,620 The times interest earned is: A) 31.32 times B) 14.56 times OC) 7.89 times OD) 10.91 times