The 2014 Income Statement for Golden Company Is Shown Below

The 2014 income statement for Golden Company is shown below:
$\begin{array}{c} \text {GOLDEN COMPANY } \\ \text { Income Statements } \\ \text { For the Year Ended December 31, 2014 } \\\begin{array}{|l|r|}\hline\\\hline \text { Sales } & \$ 720,000 \\\hline \text { Cost of goods sold } & 450,000 \\\hline \text { Gross profit } & \$ 270,000 \\\hline \text { Operating expense } & 168,500 \\\hline \text { Income from operations } & \$ 101,500 \\\hline \text { Interest expense } & 22,300 \\\hline \text { Income before taxes } & \$ 79,200 \\\hline \text { Income taxes } & 28,000 \\\hline \text { Net income } & 51,200 \\\hline\end{array}\end{array}$
Calculate the times interest earned ratio for 2014.