Peartree Inc Calculate the Times-Interest-Earned Ratio

Peartree Inc. provides the following income statement for the year 2015: $\begin{array}{|l|lr|} \hline\text { } & 2015 \\\hline \text { Net Sales} &\$240,000\\\hline \text {Cost of Goods Sold } &\underline{110,000}\\ \hline\text { Gross Profit } &\underline{\$130,000}\\\hline \text { Operating Expenses: } &\\ \hline\text { Selling Expenses } &45,000\\ \hline\text { Administrative expenses } &\underline{12,000}\\ \hline\text { Total Expenses } &\underline{57,000}\\ \hline\text {Operating Income } &\underline{\$73,000}\\ \hline\text {Other Revenues and (Expenses) : } &\\ \hline\text {Loss on sale of capital assets } &(23,000) \\ \hline\text {Interest Expense } &\underline{(1,000) }\\ \hline\text { Total Other Revenues and (Expenses) } &\underline{(24,000) }\\ \hline\text {Income Before Taxes } &\$49,000\\ \hline\text { Income Tax Expense } &5,000\\ \hline\text { Net Income} &\underline{\$44,000}\\ \hline\end{array}$
Calculate the times-interest-earned ratio.

A) 25 times
B) 30 times
C) 45 times
D) 50 times