Broch Corporation's Income Statement Appears Below The Company's Times Interest Earned Is Closest To:
A)4

Broch Corporation's income statement appears below: $\begin{array}{lr}\text { Income Statement }\\\text { Sales (all on account) }&\$1,220,000\\\text { Cost of goods sold }&760,000\\\text { Gross margin }&460,000\\\text { Operating expenses }&415,692\\\text { Net operating income }&44,308\\\text { Interest expense. }&14,000\\\text { Net income before taxes }&30,308\\\text { Income taxes (35\%) }&10,608\\\text { Net income }&\$19,700\end{array}$
The company's times interest earned is closest to:

A) 4.87
B) 1.41
C) 3.16
D) 2.16