Milton,Inc Calculate the Times-Interest-Earned Ratio

Milton,Inc.provides the following income statement for 2019: $$\begin{array} { | l | r | } \hline & \\\hline \text { Net Sales } & \$ 240,000 \\\hline \text { Cost of Goods Sold } & \$ 10,000 \\\hline \text { Gross Profit } & \$ 130,000 \\\hline \text { Operating Expenses: } &\\\hline \text { Selling Expenses } & 45,000 \\ \hline \text { Administrative Expenses } & \underline { 12,000 }\\\hline \text { Total Operating Expenses } & \underline { 57,000 } \\\hline \text { Operating Income } & \$ 73,000\\\hline \text { Other Income and (Expenses) : } & \\\hline \text { Loss on Sale of Capital Assets } & (26,000 ) \\\hline \text { Interest Expense } & (1000 ) \\\hline \text { Total Other Income and (Expenses) } &(27,000 ) \\\hline \text { Income Before Income Taxes } & \$ 46,000\\\hline \text { Income Tax Expense } & 5700 \\\hline \text { Net Income } & \$ 40,300\\\hline\end{array}$$ Calculate the times-interest-earned ratio.(Round your answer to two decimal places.)

A) 73.00 times
B) 46.00 times
C) 40.30 times
D) 47.00 times