Question: Selected financial data for Channel Co. is provided below: ($ in millions) Sales Interest expense Tax expense Net income Total assets (beginning of year) Total

Selected financial data for Channel Co. is provided below: ($ in millions) Sales Interest expense Tax expense Net income Total assets (beginning of year) Total assets (end of year) Total liabilities (end of year) Total stockholders' equity (end of year) What is the times interest earned ratio for Channel Co.? $ 50,000 1,000 2,000 7,000 54,000 60,000 24,000 36,000 Select one: A. 7.0 times. B.4.0 times. C. 10.0 times. D. 8.5 times

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