$988,288 200,000 Balance sheet and income statement data indicate the following: Bonds payable, 10% (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 Income tax for year Common dividends paid Preferred dividends paid 1,000,000 373,515 112,055 60,000 16,000 Based on the data presented, what is the times interest earned ratio (round to two decimal places)? Oa. 3.78 Ob. 2.65 Oc. 1.65 Od. 4.78