You are given the following information:

Income before interest expense and taxes	$500,000
Less: Interest expense	40,000
Income before federal income taxes	$460,000
Less: Taxes (at 40% rate)	184,000
Net income	$276,000
Less: Preferred dividends	30,000
Earnings available for common stockholders	$246,000

The number of times the interest is earned is:

	A.	25.5
	B.	4.6
	C.	12.5
	D.	11.5