Sheehan,Inc Calculate the Times-Interest-Earned Ratio

Sheehan,Inc.provides the following income statement for 2017: $\begin{array}{|l|r|}\hline & \\\hline \text { Net Sales } & \$ 240,000 \\\hline \text { Cost of Goods Sold } & \underline{110,000} \\\hline \text { Gross Profit } & \$ 130,000 \\\hline \text { Operating Expenses: } &\\\hline\text { Selling Expenses } & 45,000 \\ \hline \text { Administrative Expenses } & \underline{12,000} \\\hline \text { Total Operating Expenses } & 57,000 \\\hline \text { Operating Income } & \$ 73,000 \\\hline \text { Other Revenues and (Expenses) : } &\\\hline \text { Loss on Sale of Capital Assets } & (27,000) \\\hline \text { Interest Expense } & (1,000 ) \\\hline \text { Total Other Revenues and (Expenses) } & \underline{(28,000} \\\hline \text { Income Before Income Taxes } & \$ 45,000 \\\hline \text { Income Tax Expense } & \underline{5,30} \\\hline \text { Net Income } & \underline{\$ 39,700} \\\hline\end{array}$ Calculate the times-interest-earned ratio.(Round your answer to two decimal places. )

A) 73.00 times
B) 45.00 times
C) 39.70 times
D) 46.00 times