Howser,Inc.reports operating income of $250,000 and interest expense of $20,000.The average number of shares of common stock outstanding during the year was 50,000 shares.The beginning assets balance is $90,000 and ending assets balance is $110,000.What is the times-interest-earned ratio? (Round your final answer to two decimal places. )

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The Answer of Howser,Inc.reports operating income of $250,000 and interest expense of $20,000.The average number of shares of common stock outstanding during the year was 50,000 shares.The beginning assets balance is $90,000 and ending assets balance is $110,000.What is the times-interest-earned ratio? (Round your final answer to two decimal places. )