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A firm has the following account balances; Sales $10,300,000, COGS $6,450,000, Depreciation Expense $960,000, Other Operating Expenses $1,500,000, Addition to Retained Earnings $305,000, Dividends $310,000.

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A firm has the following account balances; Sales $10,300,000, COGS $6,450,000, Depreciation Expense $960,000, Other Operating Expenses $1,500,000, Addition to Retained Earnings $305,000, Dividends $310,000. The firm's tax rate is 21%. What is the firm's Times Interest Earned Ratio? (Round to two decimal places) Numeric Response

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