5) Balance sheet and income statement data indicate the following: (4pts) $1,200,000 200,000 Bonds payable, 6% (due in 15 years) Preferred 8% stock, $100 par (no change during the year) Common stock, $50 par (no change during the year) Income before income tax for year 1,000,000 320,000 Income tax for year 80,000 60,000 Common dividends paid Preferred dividends paid 16,000 Based on the data presented above, what is the times interest earned ratio (round to two decimal places)? 5.00 5.44 4.00 4.33