balance sheet and income statement data indicate the following: bonds payable, 10% (due in two years) $883,000 preferred 5% stock, $100 par (no change during year) 290,000 common stock, $50 par (no change during year) 1,971,000 income before income tax for year 340,000 income tax for year 78,000 common dividends paid 98,550 preferred dividends paid 14,500 based on the data presented, what is the times interest earned ratio (rounded to one decimal place)?