Assume a company's Income Statement for Year 12 is as follows:

Assume a company’s Income Statement for Year 12 is as follows:

Income Statement Data Year 12 (in 000s)
Net Revenue from Footwear Sales $330,000
Cost of Pairs Sold $240,000
Warehouse Expenses $15,000
Marketing Expenses $35,000
Administrative Expenses $8,000
Operating Profit (Loss) $32,000
Interest Income (Expenses) ($10,000)
Pre-tax Profit (Loss) $22,000
Income Taxes $6,600
Net Profit (Loss) $15,400

Based on the above Income Statement data (assume interest income is zero), what will be the company’s interest coverage ratio? Chose the correct answer from the following options:

a. 3.20
b. 1.54
c. 330.0
d. 33.0
e. 2.20