What is the Times Interest Earned Ratio for The Cape Fear Hospital?(. If you had a problem with this, it is important to remember EBIT is Earnings before Interest and Taxes. This means that you must add Interest and Taxes back into the Net Income number.) *Please show work

A. 20.4%

B. 7.9 %

C. 11.77 %

D. 13.0 %

Cape Fear Hospital Income Statement Statement of Operations Year Ended September, 30, 2020 (in thousands) Revenues: Patient Service Revenue net of Discounts and Allowances Provision for Bad Debt Net Patient Service Revenue $ $ $ 66,962 (2,457) 64,505 Operating Expenses: Personnel Expense Medical Supplies Expense Other Operating Expense Depreciation Expense Total Operating Expense Income from Operations Other Income (expenses): Interest Expense Interest and Other Income, Net Total Other Income (Expenses), Net Net Income $ 21,707 $ 15,047 $ 9,721 $ 2,625 $ 49,100 $ 15,405 $ $ $ $ (1,322) 159 (1,163) 14,242 Cape Fear Hospital Balance Sheet As of September 30, 2020 (in thousands) 2020 Current Assets Cash Accounts Receivable, Net Medical Supplies Inventory Prepaid Expense and Other Current Assets Total Current Assets Property, Plant and Equipment, Net Other Assets Total Assets $ 14,202 5,918 $ 1,211 $ 1,429 $ 22,760 $ 33,769 $ 901 $ 57,430 Current Liabilities Accounts Payable Accrued Compensation and Benefits Other Accrued Liabilities Current Portion of Long-Term Debt Total Current Liabilities Long-Term Debt Total Liabilities Owners' Equity Total Liabilities and Owners' Equity $ 1,910 $ 2,543 $ 1,843 $ 2,064 $ 8,360 $ 21,640 $ 30,000 $ 27,430 $ 57,430