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2. For the most recent year, Seether, Inc., had sales of $445,000, cost of goods sold of $218,600, depreciation expense of $58,300, and additions to

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2. For the most recent year, Seether, Inc., had sales of $445,000, cost of goods sold of $218,600, depreciation expense of $58,300, and additions to retained earnings of $50,500. The firm currently has 30,000 shares of common stock outstanding, and the previous year's dividends per share were $1.25. Assuming a 34 percent income tax rate, what was the times interest earned ratio? (Do not round intermediate calculations and round your answer to 2 decimal places,-g 32.16.) Times interest earned

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