Peartree Ltd Provides the Following Income Statement for the Year

Peartree Ltd provides the following income statement for the year 2016:
$$\begin{array} { | l | r |} \hline & 2016 \\\hline \text { Net sales } & \$ 240000 \\\hline \text { Cost of sale } & \$ 10000 \\\hline \text { Gross profit } & \$ 130000 \\\hline \text { Operating expenses: } & \\ \hline \text { Selling expenses } & 45000 \\\hline \text { Administrative expenses } &\underline { 12000 } \\\hline \text { Total expenses } &\underline { 57000 } \\\hline \text { Profit } &\$ 73000 \\\hline \text { Other revenues and (expenses) : } & \\\hline \text { Loss on sale of capital assets } & ( 26,000 ) \\\hline \text { Interest expense } & (1000 ) \\\hline \text { Total other revenues and (expenses) } & (27,000 ) \\\hline \text { Profit before taxes } & \$ 46,000 \\\hline \text { Income tax expense } & 6 000\\\hline \text { Net profit } &\$ 40,000 \\\hline \end{array}$$
Calculate the times-interest-earned ratio.

A) 46 times
B) 47 times
C) 40 times
D) 73 times