Use the following information to answer the questions:

Assets			Liabilities and Equity
Cash	11,000		Accounts payable	22,000
Marketable securities	2,000		Notes payable	6,000
Accounts receivable	5,000		Current liabilities	28,000
Inventory	24,000		Long-term debt	95,000
Current assets	42,000		Total liabilities	123,000
Machines	34,000		Paid-in capital	20,000
Real estate	80,000		Retained earnings	13,000
Net fixed assets	114,000		Equity	33,000
Total assets	156,000		Total liab. & equity	156,000

Line item	Value
Sales	75,000
- Costs	61,500
- Depreciation	2,000
= EBIT	11,500
- Interest	800
= Taxable income	10,700
- Taxes	3,531
= Net income	7,169

What is the times-interest-earned ratio?