A company's assets consist of $200,000 of cash, $400,000 of accounts receivable, $600,000 of inventory, and $1,500,000 of plant and equipment. Its liabilities consist of $100,000 of accounts payable, $150,000 of accruals, and $700,000 of long-term debt. The company's annual sales are $4,000,000, its earnings before interest and taxes are $600,000, its earnings before taxes are $530,000, and its net income is "$400,000. What is the company's times interest earned"?