The statement of income for Bob's Beanery Ltd appears below: Bob's Beanery Ltd Statement of Income Year Ending December 31, 2024 Sales revenues $100,000 Less: Cost of goods sold (70,000) Gross profit 30,000 Wage expense 5,000 Interest expense-current liabilities 4,000 Interest expense-long term liabilities 6,000 Supplies expense 1,000 Rent expense 4,000 Income before taxes 10,000 Income taxes 3,000 Net Income $7,000 What was the interest coverage ratio (times-interest-earned ratio) for the year ending December 31, 2024? Select answer from the options below 1.70 times 2.00 times 2.67 times 3.50 times