Problem:
Temple, Inc. has sales of $329,000, cost of goods sold of $204,000, depreciation of $5,900, and interest expense of $15,100. The tax rate is 34 percent.
Required:
Question: What is the times interest earned ratio?
A)14.38
B)21.79
C)2.88
D)5.46
E)7.89
Note: Explain in detail and show all computations in proper way.