Use the following information to answer the questions:

Assets			Liabilities and Equity
Cash	14,000		Accounts payable	18,000
Marketable securities	2,000		Notes payable	6,000
Accounts receivable	5,000		Current liabilities	24,000
Inventory	44,000		Long-term debt	95,000
Current assets	65,000		Total liabilities	119,000
Machines	34,000		Paid-in capital	20,000
Real estate	80,000		Retained earnings	40,000
Net fixed assets	114,000		Equity	60,000
Total assets	179,000		Total liab. & equity	179,000

Line item	Value
Sales	81,000
- Costs	66,420
- Depreciation	2,000
= EBIT	12,580
- Interest	800
= Taxable income	11,780
- Taxes	3,887
= Net income	7,893

What is the times-interest-earned ratio?