Using the information in the Income Statement below, Donaldson's times interest earned is Donaldson, Inc. Income Statement For the year ended December 31, 2019 Sales $100,000 Cost of goods sold (70,000) Gross profit 30,000 Operating expenses (16,000) Depreciation (1,000) EBIT 13,000 Interest expense (500) EBT 12,500 Taxes (1,900) Net Income $10,600