What is the times interest earned ratio

Markus Company's common stock sold for $3.00 per share at the end of this year. The company paid a common stock dividend of $0.48 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Beginning Balance Balance Cash $ 31,000 $ 32,200 Accounts receivable $ 64,000 $ 53,700 Inventory $ 59,200 $ 64,000 Current assets $ 154,200 $ 149,900 Total assets $ 490,000 $ 506,000 Current liabilities $ 63,000 $ 49,500 Total liabilities $ 140,000 $ 126,000 Common stock, $1 par value $ 126,000 $ 126,000 Total stockholders' equity $ 350,000 $ 380,000 Total liabilities and stockholders' equity $ 490,000 $ 506,000 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 750,000 $ 440,000 $ 310,000 $ 162,000 $ 9,000 $ 107,100