2.9 Brian, Inc. has total assets of $8,000,000 and a total asset turnover of 2.8 times. If return on assets is 12%, what is the profit margin for Brian, Inc.? 2.10 For the most recent year, Shirlee, Inc. has sales of $400,000, cost of goods sold of $93,000, depreciation expense of $47,000, and additions to retained earnings of $61,420. The firm currently has 20,000 shares outstanding and the year's dividends were $1.50 per share. Assuming a 34% income tax rate, what was the times interest earned ratio