Given below are comparative balance sheets and an income statement for Namekagon Corporation. Namekagon Corporation Balance Sheets - 2018 Jan. 1 S 16 400 S 16,400 47, 44039,300 33,30037,200 58,00067,100 $155, 140 $160,000 26,80029,400 4,700 15,10015,100 73,600 73, 600 31,040 37,200 $155,140 $160,000 Dec.31 Cash Accounts receivable Inventory Equipment (net) Accounts payable Dividends payable Long-term note payable Capital stock, $5 par Retained earnings 8,600 Namekagon Corporatiorn Income Statement For the year ended 2018 Capital stock, $5 pan Retained earnings 31,040 37,200 $155,140 $160,000 Namekagon Corporation Income Statement For the year ended 2018 $ 229,600 (137,620) Sales Cost of goods sold Gross profit on sales$ 91,980 Operating expenses Operating income Interest expense Net income (75,948) S 16,032 (9,900) $6,132 Namekagon Corporation's interest coverage ratio for 2018 is: Multiple Choice Namekagon Corporation's interest coverage ratio for 2018 is: Multiple Choice 1.62. 2.61 1.61 4.74