Balance sheet and income statement data indicate the following:​ Based on the data presented above, what is the times interest earned ratio (round to two decimal places) ?

A) 5.00
B) 5.44
C) 4.00
D) 4.33

To calculate the times interest earned ratio, we need to use the formula:

Times Interest Earned Ratio = Net Income before Interest and Taxes / Interest Expense

From the given income statement, we can see that the Net Income before Interest and Taxes is $78,000, and from the balance sheet, we can see that the Interest Expense is $14,300.

Plugging in the numbers into the formula, we get:

Times Interest Earned Ratio = $78,000 / $14,300 = 5.44 (rounded to two decimal places)

Therefore, the best answer is B, with an explanation showing the calculation of the formula.