Content Area Balance sheet and income statement data indicate the following: Line Item Description Amount Bonds payable, 10% (due in 2 years) $858,000 Preferred 5% stock, $100 par (no change during year) 232,000 Common stock, $50 par (no change during year) 2,068,300 Income before income tax expense 367,691 Income tax expense 73,937 Common dividends paid 103,415 Preferred dividends paid 11,600 Based on the data presented, what is the times interest earned ratio? Round your answer to two decimal places. a. 2.33 b. 5.29 c. 3.29 d. 0.43