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Selected data from Ostrander Corporation's financial statements for the years indicated are presented in thousands.

2010 Operations

Net sales                                       $4,175

Cost of goods sold                              2,880

Interest expense                                  50

Income tax                                       120

Gain on disposal of a segment (net of tax)        210

Net income                                       385

December 31, 2010

                                          2010        2009

Cash                                      $32         $28

Trading securities                         169         172  

Accounts receivable (net)                 210         204

Merchandise inventory                    440         420

Tangible fixed assets                      480         440

Total assets                              1,397       1,320  

Current liabilities                          370        368

Total liabilities                             790        750

Common stock outstanding                226        210

Retained earnings                         381        360

The times interest was earned for Ostrander Corporation for 2010 is


 

A. 6.90 times.

B. 7.70 times.

C. 4.50 times.

D. 3.50 times.

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