Express company reported sales of $770,000 in the year 2013. interest expense for the year amounted to $10,800; income tax expense, $33,000; and selling and administrative expense, $14,000. the company reported net income after taxes of $42,000. compute the times interest earned ratio for the year. a) 6.94b) 2.60c) 7.94d) 9.24show your work; points will be awarded only if process to solve is shown.