Peartree Company Provides the Following Income Statement for the Year

Peartree Company provides the following income statement for the year 2014:
$$\begin{array} { | l | r | r | } \hline \text { Sales revenue } & \$ 240,000 & \\\hline \text { Cost of goods sold } & 110,000 & \\\hline \text { Gross profit } & & \$ 130,000 \\\hline \text { Operating expenses } & & \\\hline \text { Salary expense } & 45,000 & \\\hline \text { Depreciation expense } & 12,000 & \\\hline \text { Other operating expenses } & 23,000 & \\\hline \text { Total operating expenses } & & 80,000 \\\hline \text { Operating income } & & 50,000 \\\hline \text { Gain on sale of plant assets } & & 5,000 \\\hline \text { Interest expense } & & ( 1,000 ) \\\hline \text { Net income before income tax } & & \$ 54,000 \\\hline \text { Income tax expense } & & 5,000 \\\hline \text { Net income(loss) } & & \$ 49,000 \\\hline\end{array}$$
-
How much is the times-interest-earned ratio?

A) 0.02
B) 49.0
C) 50.0
D) 0.25