Pia Corporation Has Provided the Following Data from Its Most

Pia Corporation has provided the following data from its most recent income statement:

$\begin{array}{l}\text { Net operating income}&\$ 71,000 \\\text {Interest expense.. }&\$ 34,000 \\\text {Net income before taxes. }&\$ 37,000 \\\text {Income taxes }&\$ 11,000 \\\text {Net income }&\$ 26,000\end{array}$

The times interest earned ratio is closest to:

A) 2.09
B) 1.09
C) 0.76
D) 2.98

Correct Answer:

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